Cozzi Company is being purchased and has the following balance sheet as of the purchase date:

Current assets..........$200,000Liabilities....$ 90,000

Fixed assets............180,000Equity.........290,000

Total.................$380,000Total........$380,000

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The price paid for Cozzi's net assets (the purchaser assumes the liabilities) is $500,000. The fixed assets have a fair value of $220,000, and the liabilities have a fair value of $110,000. The amount of goodwill to be recorded in the purchase is __________.

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