Distributor Company Purchases Supplier Company for $800,000 Cash on January

Distributor Company purchases Supplier Company for $800,000 cash on January 1, 2007.The book value of Supplier Company's net assets, as reflected on its December 31, 2006 balance sheet is $620,000.An analysis by Distributor on December 31, 2006 indicates that the fair value of Supplier's tangible assets exceeded the book value by $60,000, and the fair value of identifiable intangible assets exceeded book value by $45,000.How much goodwill should be recognized by Distributor Company when recording the purchase of Supplier Company?

A) $ -0-
B) $180,000
C) $120,000
D) $75,000