On January 1, Coldwater Company has a net book value of $2,174,000 as follows:...

On January 1, Coldwater Company has a net book value of $2,174,000 as follows:

Westmont Company acquires all outstanding preferred shares for $214,000 and 60 percent of the common stock for $1,253,280. The acquisition-date fair value of the noncontrolling interest in Coldwater’s common stock was $835,520. Westmont believed that one of Coldwater’s buildings, with a 12-year remaining life, was undervalued by $63,600 on the company’s financial records. What amount of consolidated goodwill would be recognized from this acquisition?

a. $61,600 .

b. $65,200 .

c. $60,400 .

d. $59,200 .