On April 30, 20x2, Pound Corp. acquired for cash all 200,000 shares of the outstanding common stock of shake corp. for $22 per share. At April 30, 20x1, Shakes's balance sheet showed net assets with a $3,000000 book value. On that date, the fair value of Shake's property, plant, and equipment exceed book value by $300,000. What amount should Pound report as goodwill on its April 30, 20x1, consolidated balance sheet.