Hepner Corporation has the following stockholders equity accounts:

The preferred stock is participating. Wasatch Corporation buys 75 percent of this common stock for $1,710,000 and 65 percent of the preferred stock for $650,000. The acquisition-date fair value of the noncontrolling interest in the common shares was $570,000 and was $350,000 for the preferred shares. All of the subsidiarys assets and liabilities are viewed as having fair values equal to their book values.

Required:

What amount is attributed to goodwill on the date of acquisition?

Preferredstock(8%cumulativedividend)CommonstockAdditionalpaid-incapitalRetainedearnings$6,85,4,1,5