On January 1, 2020, Wong Corp. paid $102,000 to acquire Hayes Co. Hayes maintained separate incorporation. Powell Company acquires 80% of Short Company for $500,000 on January 1, 2019. Short reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Short earns income and pays dividends as follows:

	Book Value	Fair Value
Current assets	$12,000	$12,000
Land	16,000	29,000
Building (20-year life)	24,000	36,000
Equipment (10-year life)	54,000	56,000
Current liabilities	24,000	24,000
Long-term liabilities	12,000	12,000
Common stock	20,000
Additional paid-in capital	30,000
Retained earnings	20,000

Hayes sold the land and buildings in 2020 for $68,000.

Hayes earned net income for 2020 of $12,000 and paid dividends of $5,000 during the year.

Determine the 2020 total excess amortization of fair-value allocations.