Peregrine Company merged with Falcon Corporation, paying $50,000,000 for its net assets. Falcons balance sheet reports the following asset and liability balances. Treat each question independently. Current assets $10,000,000 Plant & equipment 70,000,000 Current liabilities 5,000,000 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? Select one: a. $10,000,000 b. $0 c. $30,000,000 d. $15,000,000