Dunn Company paid $500,000 for the all of the outstanding shares of Cloud Company. At that time, Cloud had the following condensed balance sheet: Carrying value Current assets $ 40,000 Plant and equipment 380,000 Liabilities 200,000 Shareholder's equity 220,000 The fair value of the plant and equipment was $60,000 more than its recorded carrying amount. The fair values and carrying amounts were equal for all other assets and liabilities. What amount of goodwill related to the acquisition should be reported in the consolidated balance sheet? \