Prolean Corporation acquired Setlan Company for $10,000,000 in cash, paid to Setlan's former owners. The carrying value of Setlan's reported net assets totaled $2,000,000 at the date of acquisition. Setlan's reported asset and liability values equaled their fair values, except for the following:

	Fair Value	Book Value
Inventory	15,000	40,000
Land	80,000	20,000
Identifiable intangible assets	400,000	0

The identifiable intangible assets meet ASC Topic 805 requirements for separate capitalization. Goodwill reported for this acquisition is:

A) $7,965,000

B) $7,515,000

C) $7,565,000

D) $9,505,000