1.MAJ Corporation acquired 100% of the common stock of Min Co.for $1,740,000.MAJ previously held no equity interest in Min.

On the date of acquisition,the carrying amount of Min's identifiable net assets equaled $1,487,000.

The acquisition-date fair values of Min's inventory and equipment exceeded their carrying amounts by $69,000 and$53,000,respectively.Thecarrying amounts of the other assets and liabilities were equal to their acquisition-date fair values.

What amount should MAJ recognize on the consolidated financial statementsas goodwill as of the date of the acquisition?