On June 1, Kodah Co. paid $1,400,000 for all of the issued and outstanding common stock of Borah Inc. Borah's stockholders equity on June 1 was $1,000,000. Additionally on June 1, Borah's long-term debt was undervalued by $40,000, and Borah's in-process research and development was estimated to have a fair value of $200,000. The fair value of all other assets and liabilities approximated their carrying value. As part of the acquisition accounting, the amount allocated to goodwill by Kodah was $__.