On January 1, Coldwater Company has a net book value of $1,904,000 as follows: 2,200 shares of preferred stock; par value $100 per share; cumulative, nonparticipating, nonvoting; call value $108 per share 27,500 shares of common stock; par value $40 per share Retained earnings Total $ 220,000 1,100,000 584,000 $ 1,904,000 Westmont Company acquires all outstanding preferred shares for $236,400 and 60 percent of the common stock for $1,063,080. The acquisition-date fair value of the noncontrolling interest in Coldwater's common stock was $708,720. Westmont believed that one of Coldwater's buildings, with a 12-year remaining life, was undervalued by $56,600 on the company's financial records. What amount of consolidated goodwill would be recognized from this acquisition