Use the above for questions 23-28 Hornet plc acquired 56,000 shares of the 80,000 outstanding shares of Alton on 1 January 2009 for a cash consideration of $ 7M. The fair value of net assets of Alton at this date was $8 M and full goodwill method is used. During 2009 until 31 December 2009 Alton made a net income of $4. On 1 January 2010, Hornet acquired 8,000 additional shares in Alton for $2 M. Required The goodwill recognized on 1 January 2009 is? Select one: a. Negative goodwill of $0.5M O b. $2M O c. None of the answers is correct O d. $0.75M e. $1M