Pringle Corporation Acquires Snax Company at an Acquisition Cost of $50,000,000

Pringle Corporation acquires Snax Company at an acquisition cost of $50,000,000. Assets and liabilities of Snax are as follows:
$$\begin{array} { | l | r | r | } \hline & \text { Book Value } & { \text { Fair Value } } \\\hline \text { Current assets } & \$ 1,500,000 & \$ 800,000 \\\hline \text { Land, buildings, and equipment \{net\} } & 16,000,000 & 7,000,000 \\\hline \text { Brand names } & - 0 - & 8,000,000 \\\hline \text { Liabilities } & 12,000,000 & 11,500,000 \\\hline\end{array}$$ Goodwill arising from this acquisition is:

A) $45,700,000
B) $44,500,000
C) $20,500,000
D) $22,700,000