Pat Company acquires 100% of the stock of Hursey Corporation on January 1, 2010, for $3,800 cash. As of that date Hursey has the following trial balance;

	Book Value	Fair Value
Cash	500
Accounts receivable	600
Inventory	800	900
Buildings (net) (5 year life)	1,500	1,200
Equipment (net) (2 year life)	1,000	1,250
Land	900	1,300
Accounts payable	(400)
Long-term liabilities	(1,800)	(1,700)
Common stock	(1,000)
Additional paid-in capital	(600)
Retained earnings	(1,500)

Net income and dividends reported by Hursey for 2010 and 2011 are as follows:

	2010	2011
Net income	100	120
Dividends	30	40

Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life. FIFO inventory valuation method is used.

Compute goodwill, if any, at January 1, 2010.

		A. $150
B.		$250
C.		$700
D.		$550