Sterling Co. recently underwent a sell-off of its home gardening and repair subsidiary, Campbell Co., to an independent party. If Sterling recorded a gain of $62,755 on the carve out and received $85,540 cash for the sale, what are the net assets of Campbell?
a. $108,325
b. $148,295
c. $ 45,570
d. $ 22,785
e. None of the above