Par Inc purchased all of the outstanding common shares of Sub Corp for cash of $864,487. On the date of acquisition, Sub's assets included $2,161,050 of inventory and land with a book value of $129,575. Sub also had $1,512,779 in liabilities on that date. Sub's book values were equal to their fair market values, with the exception of the company's land, which was estimated to have a fair market value $54,033 higher than its book value. How much goodwill will be created by Par's acquisition of Sub?

a.

$30,978

b.

$32,608

c.

$33,423

d.

$34,238

e.

$31,793