Required information pace corporation acquired 100 percent of spin company's common stock on january 1, 20x9. balance sheet data for the two companies immediately following the acquisition follows: item pace corporation spin company cash $ 30,000 $ 25,000 accounts receivable 80,000 40,000 inventory 150,000 55,000 land 65,000 40,000 buildings and equipment 260,000 160,000 less: accumulated depreciation (120,000 ) (50,000 ) investment in spin company stock 150,000 total assets $ 615,000 $ 270,000 accounts payable $45,000 $33,000 taxes payable 20,000 8,000 bonds payable 200,000 100,000 common stock 50,000 20,000 retained earnings 300,000 109,000 total liabilities and stockholders’ equity $ 615,000 $ 270,000 at the date of the business combination, the book values of spin's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, and land, which had a fair value of $50,000. the fair value of land for pace corporation was estimated at $80,000 immediately prior to the acquisition. based on the preceding information, what amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination