Abe Manufacturing Corp. decided to expand further by purchasing the net assets of ERB Manufacturing Corp. ERB's statement of financial the inventory was \\( \\$ 320,000 \\) and the fair value of the plant assets was \\( \\$ 1,225,000 \\). The fair value of the receivables and payables is equal to the amount reported on the balance sheet. The agreed purchase price was \\( \\$ 3 \\) million, and this amount was paid in cash to the owners of ERB. Instructions Calculate the amount of goodwill (if any) implied in the purchase price of \\( \\$ 3 \\) million. Show calculations