P Company purchased the net assets of S Company for $225,000. On the date of P's purchase, S Company had no investments in marketable securities and $30,000 (book and fair value) of liabilities. The fair values of S Company's assets, when acquired, were

Currentassets $ 120,000

Noncurrentassets 180,000

Total $300,000

How should the $45,000 difference between the fair value of the net assets acquired ($270,000) and the consideration paid ($225,000) be accounted for by P Company?

a) the noncurrent assets should be recorded at $135,000

b) the $45,000 difference should be credited to retained earnings

c) The current assets should be recorded at $ 102,000, and the noncurrent assets should be recorded at $153,000

d) An ordinary gain of $45,000 should be recorded