Bull Inc. acquired 100% of the voting common stock of Volt Inc. on January 1, 2019. The book value and fair value of Volt's accounts on that date (prior to creating the combination) follow:

		Book Value	Fair Value
Retained earnings, 1-1-19		240,000
Cash and receivables		70,000	70,000
Inventory		170,000	210,000
Land		220,000	240,000
Buildings (net)		240,000	270,000
Equipment (net)		90,000	90,000
Liabilities		430,000	420,000
Common Stock		80,000
Additional paid-in capital		40,000

Assume that Bull issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain all of Volt's outstanding stock. In this acquisition transaction, the amount of goodwill that should be recognized is ____________.