Delta Corp acquires Epsilon Ltd. for $190,000,000 in cash and accounts for its investment as a merger. Epsilon’s balance sheet at the date of acquisition is as follows:

Assets	Amount	Liabilities and Equity	Amount
Current assets	$17,000,000	Liabilities	$90,000,000
Property, net	$105,000,000	Equity	$32,000,000
Total assets	$122,000,000	Total liabilities and equity	$122,000,000

The fair value of Epsilon’s current assets is $1,700,000 less than book value. The fair value of its property is $32,000,000 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 Delta report for this acquisition?