On January 3,2013, Gulf Corp. purchased 25% of the voting common stock of Oman Co., paying \$2,500,000, Gulf decided to use the equity method to account for this investment. At the time of the investment, Oman Co's total stockholders' equity was $8,000,000. Gulf gathered the following information about Oman Co'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. What is the amount of goodwill associated with the investment