Far-Flung Co Ltd Purchases Local Co Ltd for the Purchase

Far-flung Co Ltd purchases Local Co Ltd for the purchase consideration of: $\begin{array}{|l|l|}\hline \text { Cash } & \$ 100,000 \\\hline \text { Shares in Far-flung Co Ltd } & 50000 \text { shares with a market value of } \$ 1.60 \\\hline{\text { Land }} & \text { Carrying value of } \$ 90,000 \\\hline& \text { Fair value of } \$ 100,000\\\hline\end{array}$ Far-flung incurred legal fees of $6000 to complete the acquisition.Local Co Ltd had the following assets and liabilities at the time of the purchase $$\begin{array} { | l | r | r | r | } \hline & \text { Carrying amount } & \text { Recoverable amount } & \text { Fair value } \\\hline \text { Assets: } & & & \\\hline \text { Land } & 100000 & 150000 & 200000 \\\hline \text { Machinery } & 50000 & 80000 & 85000 \\\hline \text { Cash } & 20000 & & \\\hline \text { Liabilities: } & & & \\\hline \text { Loan } & 105000 & & \\\hline\end{array}$$ What is the value of goodwill,if any?

A) $0
B) $80 000
C) $141 000
D) $86 000