Detroit Inc. and Lansing Co. exchanged equity interests in a business combination. Relevant information follows:

a. Detroit Inc. has 2,000 issued shares. To effect the business combination, Detroit Inc. will issue 2 new shares for each of the 3,000 outstanding shares of Lansing Co.

b. Detroit Inc's shares have fair value of 100,000 per share, while Lansing Co's shares have fair value of 300,000 per shae.

c. Detroit Inc.'s net identifiable assets have a fair value of 260,000 as at the acquisition date.

How much is the goodwill?