On January 2, 2021, Barley Corp. purchased 35% of the voting common stock of Wheat Co, paying $2,750,000. Barley properly accounts for this investment using the equity method. At the time of the investment, Wheat's total stockholders' equity was $5,000,000. Barley gathered the following information about Wheat's assets and liabilities whose book values and fair values differed: For all other assets and liabilities, book value and fair value were equal. Any excess of cost over far value was attributed to goodwill, which has not been umpaired. Wheat Co. reported net income of $400,000 for 2021 , and paid dividends of $200,000 during that year. How much goodwill is associated with this investment