Blue Sky Company's 12/31/15 Balance Sheet Reports Assets of $6,000,000

Blue Sky Company's 12/31/15 balance sheet reports assets of $6,000,000 and liabilities of $2,400,000. All of Blue Sky's assets' book values approximate their fair value, except for land, which has a fair value that is $360,000 greater than its book value. On 12/31/15, Horace Wimp Corporation paid $6,120,000 to acquire Blue Sky. What amount of goodwill should Horace Wimp record as a result of this purchase?

A) $ -0-
B) $120,000
C) $2,160,000
D) $2,520,000