The Balance Sheet of Mini Company Was as Follows Immediately

The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company: Mini Company
Balance Sheet
January 1, 2014
$\begin{array}{lr}\text { Cash } & \$ 90,000 \\\text { Accounts receivable (net) } & 50,000 \\\text { Inventory } & 150,000 \\\text { Plant and equipment (net) } & 100,000 \\\text { Total Assets } & \$ 390,000\\\\\text { Accounts payable } & \$ 40,000 \\\text { Notes payable } & 80,000 \\\text { Common stock } & 155,000 \\\text { Retained earnings } & 115,000 \\\text { Total Liabilities and Stockholders' Equity } & \$ 390,000 \\\end{array}$ On January 1, 2014, in a merger transaction, Maxi Company paid $350,000 in cash for 100% of the outstanding common stock of Mini Company. The fair value of Mini Company's plant and equipment was $140,000 on the date of acquisition. If the fair value and book value are the same for Mini's remaining assets and liabilities, what was the amount of goodwill acquired by Maxi Company?

A) $20,000.
B) $40,000.
C) $50,000.
D) $60,000.