24 4 pts On May 31, 2015, Armstrong Company paid $3,500,000 cash to acquire all of the common stock of Hall Corporation, which became a division of Armstrong. Hall reported the following balance sheet at the time of the acquisition: Current Assets Non-Current Assets Current Liabilities $ 900,000 2,700,000 600,000 Long-term Liabilities 500,000 At the time of the acquisition, Armstrong identified an unrecorded patent that Hall had developed with an approximate fair value of $100,000. The recorded amount for Hall's remaining net assets is the same as fair value, except for property, plant, and equipment, which has a fair value of $250,000 above the carrying value and Inventory which has a fair value of $50,000 below the carrying value. What amount of Goodwill will Armstrong record at the time of the acquisition