Hepner Corporation has the following stockholders' equity accounts: The preferred stock is participating. Wasatch Corporation buys 75 percent of this common stock for $1,770,000 and 65 percent of the preferred stock for $650,000. The acquisition-date fair value of the noncontrolling interest in the common shares was $590,000 and was $350,000 for the preferred shares. All of the subsidiary's 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? Hepner Corporation has the following stockholders' equity accounts: The preferred stock is participating. Wasatch Corporation buys 75 percent of this common stock for $1,770,000 and 65 percent of the preferred stock for $650,000. The acquisition-date fair value of the noncontrolling interest in the common shares was $590,000 and was $350,000 for the preferred shares. All of the subsidiary's 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