Dotel Companys 12/31/18 balance sheet reports assets of $12,000,000 and liabilities of $5,000,000. All of Dotels assets book values approximate their fair value, except for land, which has a fair value that is $800,000 greater than its book value. On 12/31/18, Egbert Corporation paid $12,200,000 to acquire Dotel. What amount of goodwill should Egbert record as a result of this purchase?

$ -0-

$ 200,000

$4,400,000

$5,200,000