Pawan Corporation Acquires All of Sesa Company at an Acquisition

Pawan Corporation acquires all of Sesa Company at an acquisition cost of $80,000,000 in cash. Sesa's reported assets and liabilities are as follows:
$$\begin{array} { | l | r | r | } \hline & { \begin{array} { c } \text { Book Value } \\\text { Dr (Cr) }\end{array} } & { \begin{array} { c } \text { Fair Value } \\\text { Dr (Cr) }\end{array} } \\\hline \text { Current assets } & \$ 5,000,000 & \$ 7,000,000 \\\hline \text { Land, buildings, and equipment (net) } & 60,000,000 & 40,000,000 \\\hline \text { Liabilities } & ( 40,000,000 ) & ( 39,000,000 ) \\\hline\end{array}$$ Pawan determines that Sesa has the following identifiable intangible assets, not reported on its balance sheet:
$$\begin{array} { | l | r | } \hline & { \text { Fair Value } } \\\hline \text { Favo rable leaseholds } & \$ 4,000,000 \\\hline \text { In-process research \& develo pment } & 3,000,000 \\\hline \text { Advertising contracts } & 5,000,000 \\\hline\end{array}$$ Pawan also discovers that Sesa has not properly recorded the expected liability from a settled lawsuit, currently estimated at $6,000,000.
Pawan records goodwill of:

A) $69,000,000
B) $60,000,000
C) $66,000,000
D) $54,000,000