Bullen Inc Assume That Bullen Issued 12,000 Shares of Common Stock with Vicker

Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2013. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) follow, along with the book value of Bullen's accounts: $\begin{array}{lrrr}&\text { Bullen } & \text { Vicker } & \text { Vicker } \\&\text { Book } & \text { Book } & \text { Fair } \\&\text { Value } & \text { Value } & \text { Value }\\\hline\text { Retained earnings, 1/1/15 } & \mathbf{\$ 2 5 0 , 0 0 0} & \mathbf{\$ 2 4 0 , 0 0 0} & \\\text { Cash and receivables } & 170,000 & 70,000 & \mathbf{\$ 7 0 , 0 0 0} \\\text { Inventory } & 230,000 & 170,000 & 210,000 \\\text { Land } & 280,000 & 220,000 & 240,000\\\text { Buildings (net) } & 480,000 & 240,000 & 270,000 \\\text { Equipment (net) } & 120,000 & 90,000 & 90,000 \\\text { Liabilities } & 650,000 & 430,000 & 420,000 \\\text { Common stock } & 360,000 & 80,000 & \\\text { Additional paid-in capital } & 20,000 & 40,000 &\end{array}$ Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain all of Vicker's outstanding stock. In this acquisition transaction, how much goodwill should be recognized?

A) $144,000.
B) $104,000.
C) $64,000.
D) $60,000.
E) $0.