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On December 31, 2017, X Company paid $3,600,000 for 100% of the stock of Y Company when Y's underlying net assets had a fair value

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On December 31, 2017, X Company paid $3,600,000 for 100% of the stock of Y Company when Y's underlying net assets had a fair value of $2,800,000. Almost immediately after the acquisition, X paid $240,000 for an advertising campaign that was designed to maintain goodwill. How much will be reported as goodwill on X Company's December 31, 2018 balance sheet

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