Facts: On June 30, 2021, Carter Fuel Injection Systems Corporation acquired Arthur Holly Enterprises for a cash payment of $735,000. At the time of purchase, Arthur Holly Enterprises balance sheet showed assets of $623,000, liabilities of $305,000, and owner's equity of $318,000. The fair value of Arthur Holly Enterprises assets is estimated to be $665,000. Note: in addition to the cash payment of $735,000, Carter Fuel Injection Systems is assuming the liabilities of $305,000. Required: Compute the amount of goodwill acquired by Carter Fuel Injection Systems Corporation. Show all calculations in arriving at the amount of Goodwill