Perry Company acquires 100% of the stock of Hurley Corporation on January 1, 2012, for $3,800 cash. As of that date Hurley has the following trial balance;

			Debit	Credit
Cash			500
Accounts receivable			600
Inventory			800
Buildings (net) (5 year life)			1,500
Equipment (net) (2 year life)			1,000
Land			900
Accounts payable				400
Long term liabllities (due 12/31/15)				1,800
Common stock				1,000
Additional paid-in capital				600
Retained earnings				1,500
Total			5,300	5,300
Net income and dividends reported by Hurley for 2012 and 2013 follow:
			2012	2013
Net income			100	120
Dividends			30	40
The fair value of Hurley's net assets that differ from their book values are listed below:
			Fair Value
Inventory			900
Buildings			1,200
Equipment			1,250
Land			1,300
Long-term liabilities			1,700

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 the consideration transferred in excess of book value acquired at January 1, 2012.

A.	$150.
B.	$700.

C.

$2,200.

D.

$550.

E.

$2,900.