On January 1, 2021, Natsu Company purchased 30% of the voting common stock of Happy Company, Natsu paid $3,000,000 for the voting rights. Natsu decided to use the equity method to account for this investment. At the time of the investment, Happy's total stockholders' equity was $8,000,000. Natsu gathered the following information about Happy's assets and liabilities: Buildings (10-year life) Equipment (5-year life) Franchises (8-year life) Book Value Fair Value $ 400,000 $ 600,000 1,200,000 1,400,000 0 $ 480,000 For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired. What is the amount of goodwill associated with the investment