Mustang Services Inc. a public company is considering the acquisition of Warren Inc. To learn more about the business. On January 5, 2019 Mustang acquires 25% of the common shares for $4,500,000. At the time of the acquisition the net book value of Warren Inc.'s assets is $12,500,000. The purchase provided Mustang with significant influence over the activities of Warren Inc. During due diligence Mustang determined the fair value of the Warren Inc.'s assets to be as follows: Land Building Cost $ 800,000 1,500,000 Fair Value $1,200,000 2,000,000 Question1) Calculate Goodwill related to the acquisition of the shares.