On December 31, 2018, Panda Corporation acquired 100 percent ownership of Silent Corporation. On that date, Silent reported assets and liabilities with book values of $350,000 and $100,000, respectively, common stock outstanding of $100,000, and retained earnings of $150.000. The book values and fair values of Silent's assets and liabilities were identical except for land which had increased in value by $10,000 and inventories which had decreased by $7,000. what amount of goodwill, if any, will be reported if the acquisition price was $275,000