The Balance Sheet of Mini Company Was as Follows Immediately

The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company:

$\begin{array}{l}\begin{array} { l } \text { Cash } &&&&&& \$ 90,000 \\\text { Accounts receivable (net) }&&&&&&50,000 \\\text { Inventory } &&&&&&150,000 \\\text { Plant and equipment (net) } &&&&&&100,000 \\\text { Total Assets } &&&&&&\$ 390,000\end{array}\\\begin{array} { l } \text { Accounts payable } & \$ 40,000 \\\text { Notes payable } & 80,000 \\\text { Common stock } & 155,000 \\\text { Retained earnings } & 115,000 \\\text { Total Liabilities and Stockholders' Equity } & \$ 390,000\end{array}\end{array}$
On January 1,2010,Maxi Company paid $350,000 in cash for 100% of the outstanding common stock of Mini Company.The current market value of Mini Company's plant and equipment was $140,000 on the date of acquisition.If the market value and book value are the same for Mini's remaining assets,what was the amount of goodwill purchased by Maxi Company?

A) $20,000
B) $40,000
C) $50,000
D) $60,000