On January 1, 2019, J Company acquires 80 percent ownership in R Corporation for $220,000. The fair value of the non controlling interest at that time is determined to be $40,000. It reports net assets with a book value of $200,000 and fair value of $250.000. J Company reports assets with a book value of $600,000 and a fair value of $650.000 at that time, excluding its investment in R Corp.

What will be the amount of goodwill that would be reported immediately after the combination under full fair value basis?