Chapter 6 Assignment Saved Help Save & Exit Submit On January 1, Tesco Company spent a total of $4,316,000 to acquire control over Blondel Company. This price was based on paying $491,000 for 20 percent of Blondel's preferred stock and $3,825,000 for 90 percent of its outstanding common stock. At the acquisition date, the fair value of the 10 percent noncontrolling interest in Blondel's common stock was $425,000. The fair value of the 80 percent of Blondel's preferred shares not owned by Tesco was $1,964,000. Blondel's stockholders equity accounts at January 1 were as follows: 10 points Preferred $100 par and participatingi 10,000 shares outstanding stock-$50 par value: 40,000 aharea toek-98, value, eunulative outstanding Retained earninga Total stockholders equity 2,000, 000 3,320,000 $6,320,000 eBook Tesco believes that all of Blondel's accounts approximate their fair values within the company's financial statements. What amount of c goodwil should be recognized? Multiple Choice $491,000 $876,000, $385,000. O $296,500