Peters Inc. paid $400 in cash and $6,000 fair value of stock to acquire 65% of the voting stock of Stony Company. Stock registration fees were $100 and outside consulting fees were $50. Peters also agreed to an earnout, valued at $85, whereby additional cash will be paid to the former shareholders of Stony if certain performance goals are reached. The fair value of the noncontrolling interest was $3,415. Stonys book value was $2,000 at the date of acquisition, and revaluations consisted of previously unrecorded intangible assets valued at $6,900. What percentage of the total goodwill is allocated to Peters?

Select one:

a. 70%

b. 75%

c. 68%

d. 73%