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19. On January 1, 2018, Robinson Company purchased Franklin Company at a price of $3,820,000. The fair market value of the net assets purchased equals

19. On January 1, 2018, Robinson Company purchased Franklin Company at a price of $3,820,000. The fair market value of the net assets purchased equals $2,760,000.

What is the amount of goodwill that Robinson records at the purchase date?

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