Volunteer Manufacturing was considering bankruptcy. Although they had a popular product line, an unfavorable judgment in a recent lawsuit had negatively affected the company's financial position. Trajectory Manufacturing was interested in expanding its product line to include Volunteer's most popular product. Volunteer provided Trajectory with the following information: Volunteer Manufacturing-Partial balance sheet Dec. 1, 2019 Independent appraiser valuations Cash $50,000 $50,000 Accounts receivable, net 75,000 70.000 Inventory 40,000 40.000 Property, plant, and equipment, 300.000 net 200,000 10 year life, $50,000 residual value Accounts payable 85.000 85,000 Accrued liabilities 20.000 20.000 Long-term debt 500.000 500.000 As part of the purchase, Trajectory would also obtain the following: Fair Value Life Customer list $50,000 5 years Equipment patent 125,000 10 years (legal and useful) Tradename 150,000 5 years, renewable (legal) After reviewing the data, Trajectory made an offer of $280,000 to purchase the assets of Volunteer other than cash and assume all recorded liabilities. Volunteer accepted the offer and the purchase was completed on December 31, 2020. Trajectory uses the straight-line method to amortize intangibles and the double-declining balance method to depreciate property, plant, and equipment. Trajectory intends to renew the tradename indefinitely. 1. How much should Trajectory record as goodwill in its 2019 financial statements? OA) $330.000 OB) $62.500 O C) $140,000 OD) $250.000