Presented Below Are the Balance Sheets of Dental Works and Forgash

Presented below are the balance sheets of Dental Works and Forgash Company at January 1,2X13: $\begin{array}{l}\begin{array} { l } &&\text { Dental Works} & &\text { Forgash Company}\\&&\text { Balance Sheet} & &\text { Balance Sheet}\\&&\text { january 1, 2X13} & &\text { january \( 1,2 \times 13 \) }\\\end{array}\\\begin{array} { l } \text { Cash } & \$ 23 \\\text { Net Fixed Assets } &127\\\text { Total Assets } & \$ 15 0\\\text { Accounts Payable } & \$ 15 \\\text { Long-term Bonds Pay. } & 85 \\\text { Stockholders' Equity } &\underline{50}\\\text { Total Liab. \& Equity } & \$ 150\end{array}\begin{array} { l } \text { Cash } & \$ 110 \\\text { Net Fixed Assets } & \underline{290} \\\text { Total Assets } & \$ \$ 400 \\\text { Accounts Payable } & \$ 35 \\\text { Long-term Bonds Pay. } & 140 \\\text { Stockholders' Equity } & \underline{225} \\\text { Total Liab. \& Equity } & \$ 400\end{array}\end{array}$
On January 1,2X13,Forgash Company paid $80 for 100% of the outstanding shares of Dental Works.The fair market values of the assets and liabilities of Dental Works are the same as the book values.
What journal entry will Forgash Company make on January 1,2X13?

A) $\begin{array}{lcc}\text { Investment in Dental Works } & 80 & \\\quad \text { Cash } & & 80 \\\end{array}$

B) $\begin{array}{lccc}\text { Investment in Dental Works } & 50 & \\\quad \text { Goodwill } & & 30 \\\quad \text { Cash } & & 80 \\\end{array}$

C) $\begin{array}{lccc}\text { Investment in Dental Works } & 50 & \\\text { Goodwill } & 17 & \\\text { Fixed Assets } & 13 & \\\quad \text { Cash } & & 80 \\\end{array}$

D) $\begin{array}{lccc}\text { Investment in Dental Works } & 63 & \\\text { Goodwill } & 17 & \\\quad \text { Cash } & & 80 \\\end{array}$

E) $\begin{array}{lccc}\text { Investment in Dental Works } & 67 & \\\text { Fixed Assets } & 13 & \\\quad \text { Cash }&&80\end{array}$