On January 3, 2018. Austin Corp purchased 25% of the roting 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 stockholden' equity was $8.000.000. Austin gathered the following information about Gainsville assets and liabilities: Book Value Fair Value Building (10-year life) $ 400,000 $ 500,000 Building (10-year life) 1,000,000 1,300,000 Franchise (8-year life) 400,000 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