Queste 13 Noyed On January 1, 2019, Everlasting, Inc. purchased Comet Corporation for $650,000. On that date the net assets of Comet had a book value of $320,000 and book values were equal to far values with the following exceptions. FIFO Inventory --Undervalued, $30,000 Land-Undervalued, $10,000 Equipment (5 year life)--Undervalued, $75,000 Patent (5-year life)-Undervalued, 125,000 During 2019, Everlasting had income from its own operations of $220,000 and Comet had net income of $80,000 What amount of goodwill appeared on the consolidated balance sheet at December 31, 2019 Select one: A $140,000 $0 C. $190,000