Parent Inc. and Sub Inc. had the following balance sheets on July 31, 2019: Sub Ind Sub Ind Parent Ind (carrying value (fair value (carrying value Cash $36,000 $180,000 $100,000 $ 60,000 $200,000 $36,000 $40,000 $27,000 $93,000 Accounts Receivable Inventory Plant and Equipment (net) Goodwill Trademark Total Assets $40,000 $24,000 $80,000 $ 8,000 $12,000 $200,000 $ $15,000 $ $540,000 Current Liabilities $50,000 $24,000 Bonds Payable Common Shares Retained Earnings Total Liabilities and Equity $ 80,000 $320,000 $ 90,000 $ 50.000 $50,000 $20,000 $80,000 $50,000 $540,000 $200,000 Assuming that Parent Inc acquires 80% of Sub Inc on August 1, 2019 for cash of $180,000, What would be the amount of goodwill appearing on the Consolidated Balance Sheet on the date of acquisition if the identifiable net assets (INA) method were used? a. $72,000 b. $70,400 C. $88,000 d. Nil