Beta Inc. acquires Gamma Ltd. for $180,000,000 in cash and accounts for its investment as a merger. Gamma’s balance sheet at the date of acquisition is as follows:

Assets	Amount	Liabilities and Equity	Amount
Current assets	$16,000,000	Liabilities	$85,000,000
Property, net	$100,000,000	Equity	$31,000,000
Total assets	$116,000,000	Total liabilities and equity	$116,000,000

The fair value of Gamma’s current assets is $1,600,000 less than book value. The fair value of its property is $30,000,000 less than book value. The book value of its liabilities approximates fair value. There are no unreported assets or liabilities.

Requirement: How much goodwill does Beta report for this acquisition?