Parent and Sub Inc On January 1, 2019 Parent Purchased All of Sub Inc

Parent and Sub Inc. had the following balance sheets on December 31, 2018: $$\begin{array} { | l | l | l |} \hline & \text { Parent } & \text { Sub } \\\hline \text { Current Assets } & \$ 60,000 & \$ 10,000 \\\hline \text { Fixed Assets (net) } & \$ 100,000 & \$ 60,000 \\\hline \text { Total Assets } & \$ 160,000 & \$ 70,000 \\\hline\\\hline \text { Current Liabilities } & \$ 42,000 &\$ 35,000 \\\hline \text { Bonds Payable } & \$ 20,000 &\$ 12,000 \\\hline \text { Common Shares } & \$ 90,000 & \$ 12,000 \\\hline \text { Retained Earnings } & \$ 8,000 &\$ 11,000 \\\hline \text { Total Liabilities and Equity } & \$ 160,000 &\$70,000 \\\hline\end{array}$$
On January 1, 2019 Parent purchased all of Sub Inc.'s Common Shares for $40,000 in cash. On that date, Sub's Current Assets and Fixed Assets were worth $26,000 and $54,000, respectively. Assuming that Consolidated Financial Statements were prepared on that date, answer the following:
The Goodwill arising from this Business Combination would be:

A) ($17,000)
B) $7,000
C) $17,000
D) $120,000