On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill?

  a. –0–
  b. $15,000
  c. $35,000
  d. $100,000

On July 1, TruData Company issues 10,000 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company’s outstanding voting shares. Webstat’s pre-combination book and fair values are shown below along with book values for TruData’s accounts.