On June 30, 2021, Carter Fuel Injection Systems Corporation acquired Arthur Holly Enterprises for a cash payment of $735,000. At the time of purchase, Arthur Holly Enterprises balance sheet showed assets of $263,000, liabilities of $102,000, and owner's equity of $161,000. The fair value of Arthur Holly Enterprises assets is estimated to be $188,300. Required: Compute the amount of goodwill acquired by Carter Fuel Injection Systems Corporation