Question 8 Not yet answered Marked out of 1.00 Flag question X Co acquired 80% of Y Co outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both co reported the following X CO Y 2,000,000 Assets 750,000 750,000 Liabilities 400,000 Common Stock 1,000,000 310,000 Retained Earnings 250,000 40,000 Liabilities & Stockholders' Equity 2,000,000 750,000 At the date of purchase, the fair value of Y assets was $50,000 more than the Book value amounts. In the consolidated balance sheet prepared immediately after the purchase, the goodwill should amount to 750,000 Liabilities 400,000 1,000,000 Common Stock 310,000 Retained Earnings 250,000 40,000 Liabilities & Stockholders' Equity 2,000,000 750,000 At the date of purchase, the fair value of Y assets was $50,000 more than the Book value amounts. In the consolidated balance sheet prepared immediately after the purchase, the goodwill should amount to Select one: a. 237,500 b. 30,000 c. 130,000 d. 137,500