On January 1, Coldwater Company has a net book value of $1,792,000 as follows:

1,100 shares of preferred stock; par value $100 per share; cumulative, nonparticipating, nonvoting; call value $108 per share	$	110,000
27,000 shares of common stock; par value $40 per share		1,080,000
Retained earnings		602,000
Total	$	1,792,000

Westmont Company acquires all outstanding preferred shares for $116,400 and 60 percent of the common stock for $1,074,960. The acquisition-date fair value of the noncontrolling interest in Coldwaters common stock was $716,640. Westmont believed that one of Coldwaters buildings, with a 12-year remaining life, was undervalued by $66,000 on the companys financial records.

What amount of consolidated goodwill would be recognized from this acquisition?