Northern Purchased the Entire Business of Southern Including All Its

Northern purchased the entire business of Southern including all its assets and liabilities for $600,000.Below is information related to the two companies: How much goodwill did Northern pay for acquiring Southern?
$$\begin{array} { | l | r | r | } \hline & \text { Northem } & \text { Southem } \\\hline \text { Fair value of assets } & \$ 1,050,000 & \$ 800,000 \\\hline \text { Fair value of liabilities } & 575,000 & 300,000 \\\hline \text { Reported ass ets } & 800,000 & 650,000 \\\hline \text { Reported liabilities } & 500,000 & 250,000 \\\hline \text { Net Income for the year } & 60,000 & 50,000 \\\hline\end{array}$$

A) $100,000.
B) $300,000.
C) $200,000.