On February 5 2020, Seely Corporation paid $1,500,000 for all the issued and outstanding common stock of Pod, Inc., in a transaction properly accounted for as a purchase. The book values and fair values of Pod's assets and liabilities on February 5 2020 were as follows. Calculate the amount of goodwill paid by S company for this deal? Book value Fair value- Cash $ 0 Receivables (net) 180,000 180,000 Inventory 315,000 300,000 Plant and equipment (net) 820,000 900,000 Liabilities (350,000) (350,000) Net assets $9.65000 $1,030,000 Hint: For the purchse, the fiar value is used