Westfield Bank and Trust acquired 100% of the outstanding voting shares of Cleveland United Bank on January 1. Before the acquisition, the balance sheets of the two companies are as follows: Assets (in millions) Westfield Cleveland Bank & Trust United Bank $2,832 $1,392 Liabilities $1,224 $792 Common stock ($1 par value) 144 96 Additional paid-in capital 216 120 Retained earnings Total liabilities and equities 1,248 $2,832 384 $1,392 Westfield Bank and Trust issues 60,000 shares of its common stock with a market value of $850 million to the owners of Cleveland United Bank in return for all of their shares of Cleveland United common stock. The assets of Cleveland United have a fair value in excess of book value of $27.8 million. The consolidated balance sheet of Westfield Bank and Trust at January 1 would report goodwill of Select one: O a. $0 (no goodwill) 0 b. $222,2 million O c. $277.8 million d. $250.0 million O e. None of these are correct