Par Inc purchased all of the outstanding common shares of Sub Corp for cash of $362,175 on Jan 1, Year 1. On the date of acquisition, Sub's identifiable net assets had a carrying value of $289,729. The acquisition differential was allocated to the excess of fair value over book value as follows: inventory's fair value was higher by $28,957; Equipment's fair value was lower by $18,099; Trademarks' fair value was higher by $23,339; and Bonds Payable's fair value was higher by $7,239. Equipment, Trademarks, and Bonds Payable each had an amortizable life of ten (10) years. How much Goodwill was recorded on the date of acquisition for the consolidated company?

a.

$46,625

b.

$47,762

c.

$48,900

d.

$45,488

e.

$44,351