On January 3, 2021, Madison Corp. purchased 30% of the voting common stock of Huntsville Co., paying \$3,000,000. Madison decided to use the equity method to account for this investment. At the time of the investment, Huntsville's total stockholders' equity was $8,000,000. Madison gathered the following information about Huntsville's assets and liabilities: 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. Huntsville Co. reported net income of $400,000 for 2021 , and paid dividends of $200,000 during that year. What is the amount of goodwill associated with the investment? PLEASE SHOW COMPUTATIONS For the toolbar. oress ALT+F10 (PC) or ALT+FN+F10 (Mar)