Peregrine Company acquires all of the voting stock of Falcon Corporation for $65,000, in a merger. Falcons balance sheet reports the following asset and liability balances:

Current assets	$15,000,000
Plant & equipment	60,000,000
Current liabilities	10,000,000
Long-term debt	40,000,000

Assume the book values of Falcons assets and liabilities equal their fair values. How much goodwill does Peregrine report at the date of acquisition?

		$35,000,000
		$40,000.000
		$30,000
		$0