Figure: Perry Company Acquires 100% of the Stock of Hurley Corporation

Multiple Choice

Figure:
Perry Company acquires 100% of the stock of Hurley Corporation on January 1, 2010, for $3,800 cash. As of that date Hurley has the following trial balance; Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life. FIFO inventory valuation method is used.
-Compute the amount of Hurley's land that would be reported in a December 31, 2011, consolidated balance sheet.

A) $900.
B) $1,300.
C) $400.
D) $1,450.
E) $2,200.