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Dotel Company's 12/31/19 balance sheet reports assets of $9,000,000 and liabilities of $3,750,000. All of Dotel's assets' book values approximate their fair value, except for

Dotel Company's 12/31/19 balance sheet reports assets of $9,000,000 and liabilities of $3,750,000. All of Dotel's assets' book values approximate their fair value, except for land, which has a fair value that is $900,000 greater than its book value. On 12/31/19, Egbert Corporation paid $9,150,000 to acquire Dotel. What amount of goodwill should Egbert record as a result of this purchase?

$3,000,000

$3,300,000

$150,000

$3,900,000

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