Juliana Corporation purchased all of the outstanding stock of Caldwell Incorporated, paying $3,300,000 cash. Juliana assumed all of the liabilities of Caldwell. Book values and fair values of acquired assets and liabilities were:

	Book Value	Fair Value
Current assets (net)	$ 250,000	$ 530,000
Property, plant, & equpiment (net)	1,540,000	2,240,000
Liabilities	320,000	750,000

Juliana would record goodwill of:

Multiple Choice

$1,980,000.

$5,120,000.

$1,280,000.

$430,000.