Pinehollow acquired 80% of the outstanding stock of Stonebriar by issuing 80,000 shares of its $1 par value stock. The shares have a fair value of $15 per share. Pinehollow also paid $25,000 in direct acquisition costs. Prior to the transaction, the companies have the following balance sheets: Assets Stonebriar Cash Accounts receivable Inventory Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Bonds payable Common stock ($1 par) Paid-in capital in excess of par Retained earnings Total liabilities and equity Pinehollow $ 150,000 500,000 $ 50,000 350,000 600,000 900,000 1,850,000 $3,400,000 $ 300,000 1,000,000 300,000 800,000 900,000 $1,900,000 $ 100,000 600,000 100,000 900,000 1,000,000 $3,400,000 200,000 $1,900,000 The fair values of Stonebriar's inventory and plant, property and equipment are $700,000 and $1,000,000, respectively. What is the amount of goodwill that will be included in the consolidated balance sheet immediately following the acquisition? a. $300,000 b. $100,000 c. $200,000 d. $240,000