Polypipe Company acquired 80% of Svedex Company's voting stock for $95,000 in cash. The noncontrolling interest had an estimated fair value of $20,000. Some of Svedex's identifiable assets and liabilities at the date of acquisition had fair values that were different from reported values, as follows:

	Book Value	Fair Value
Property, net	$ 6,000	$ 4,000
Licensing agreements	1,000	25,000

Svedex's total shareholders' equity at the date of acquisition was as follows:

Capital stock	$5,000
Retained deficit	(400)
Treasury stock	(50)
Total	$ 4,550

Total goodwill from this acquisition is:

	A.	88,450
	B.	$87,550
	C.	$68,450
	D.	$84,450