P, L, and O are partners with capital balances of $50,000, $30,000 and $20,000 and who share in the profit and loss of the PLO partnership 30%, 20%, and 50%, respectively, when they agree to admit C for a 20% interest. C contributes $38,000 to the partnership and the goodwill method is used. How much goodwill would be allocated to L?

Select one: a. $10,400 b. $18,000 c. $0 d. $14,400 e. $8,320