On May 31, 2021, Crane Company paid $3.955.000 to acquire all of the common stock of Cullumber Corporation, which became a division of Crane. Cullumber reported the following balance sheet at the time of the acquisition Current assets Noncurrent assets $ 1,017.000 3.051.000 Current liabilities Long-term ilabilities Stockholder's equity Total liabilities and stockholder's equity $ 678,000 565,000 2,825,000 Total assets $4,068,000 $4,068.000 It was determined at the date of the purchase that the fair value of the identifiable net assets of Cullumber was 13:503,000. AE December 31, 2021, Cullumber reports the following balance sheet i E information: Current assets $ 904,000 Noncurrent assets including goodwill recognized in purchase) 2.712.000 Current liabilities (791,000) Long-term liabilities (565.000 Net assets $2,260,000 It is determined that the fair value of the Cullumber division is $2486,000 (a) Compute the amount of goodwill recognized. If any on May 31, 2021. Amount of goodwill 5