Q8) Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The noncontrolling interest shares of Float Corp. are not actively traded. What is the dollar amount of fair value over book value differences attributed to Perch at the date of acquisition?

A) $370,000. B) $120,000. C) $150,000. D) $350,000. E) $280,000.