The parent paid £480 to acquire 75% of 300 ordinary shares issued by the subsidiary on 1 January 2012 when shares in the subsidiary were quoted at 180p per share and the equity and reserves of the subsidiary were reported as £350 and fair valuation of its assets identified a gain of £50. What is the goodwill of the subsidiary on this date?

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a £180 b £130 c £215 C d £240