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Marigold Companys December 31, 2021 balance sheet reports assets of $13209000 and liabilities of $4279000. The book values of Marigolds assets approximate their fair values,

Marigold Companys December 31, 2021 balance sheet reports assets of $13209000 and liabilities of $4279000. The book values of Marigolds assets approximate their fair values, except for land, which has a fair value $610000 greater than its book value. On December 31, 2021, Sarasota Corporation paid $11782000 to acquire Marigold. What amount of goodwill should Sarasota record as a result of this purchase?

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