North Company issued 24,000 shares of its $20 par value common stock for the net assets of Prairie Company in business combination under which Prairie Company will be merged into North Company. On the date of the combination, North Company common stock had a fair value of S30 per share. Balance sheets for North Company and Prairie Company immediately prior to the combination were as follows: Current Assets Plant and Equipment (net) Total North $1,314,000 1.725,000 Prairie $ 192,000 408,000 $ 3,039000 600,000 Liabilities Common Stock, $20 par value Other Contributed Capital Retained Earnings Total $ 900,000 1,650,000 218,000 271.000 $3,039,000 S150,000 240,000 60,000 150,000 If Prairie Company's net assets have a fair value of $686,400, North Company's balance sheet immediately after the combination will include goodwill of