X Co acquired 100% of Y Co outstanding capital stock for $400,000 cash. Immediately before the purchase,the balance sheets of both

corporations reported the following:

XCO Y CO

Assets 2,000,000 750,000

Liabilities 750,000 400,000

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

Select one:

a. 30,000

b. 80,000

c. 0

d. 50,000