Precision Company acquires all of Springfield Company's voting stock for $5,000,000 in cash. Information on Springfield's assets and liabilities at the date of acquisition is as follows:

	Book Value Dr (Cr)	Fair Value Dr (Cr)
Current assets	$ 500,000	$ 700,000
Land, buildings and equipment (net)	2,000,000	3,500,000
Liabilities	(600,000)	(550,000)
Capital stock	(500,000)
Retained earnings	(1,400,000)

In addition, Springfield Company has unrecorded identifiable intangible assets, in the form of brand names and lease agreements, with a total estimated fair value of $400,000. In eliminating entry (R) on the consolidation working paper, the debit to identifiable intangibles is:

A. $0

B. $400,000

C. $350,000

D. $250,000