par Inc purchased all of the outstanding common shares of Sub Corp for cash of $312,927 on Jan 1, Year 1. On the date of acquisition, Sub's identifiable net assets had a carrying value of $250,333. The acquisition differential was allocated to the excess of fair value over book value as follows: inventory's fair value was higher by $25,021; Equipment's fair value was lower by $15,639; Trademarks' fair value was higher by $19,895; and Bonds Payable's fair value was higher by $6,255. 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.

$40,561

b.

$39,572

c.

$36,604

d.

$38,583

e.

$37,593