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on january 3 , 2 0 1 3 , austin corp. purchased 2 5 % of the voting common stock of gainsville co . ,

on january 3,2013, austin corp. purchased 25% of the voting common stock of gainsville co., paying $2,500,000. austin decided to use the equity method to account for this investment. at the time of the investment, gainsville's total stockholders' equity was $8,000,000. austin gathered the following information about gainsville assets and liabilities:
what is the amount of goodwill associated with the investment?

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