Company X has acquired 100% of Company Y for a cash consideration of $500 million. The fair value of Company Y's identifiable net assets at the acquisition date was $400 million, while the book value of those identifiable net assets was $300 million. In addition, Company Y had a contingent liability that is expected to result in a cash outflow of $50 million, which is measured at its fair value. Company X uses the acquisition method for financial reporting purposes.
As part of the acquisition accounting, Company X needs to determine the amount of goodwill to be recognized. Which of the following options correctly reflects the amount of goodwill, if any, that should be recognized in the consolidated financial statements?