On May 31, 2026. Wildhorse Company paid \$3,500,000 to acquire all of the common stock of Blossom Corporation, which became a division of Wildhorse. Blossom reported the following balance sheet at the time of the acquisition: It was determined at the date of the purchase that the fair value of the identifiable net assets of Blossom was $3,100,000. At December 31, 2026, Blossom reports the following balance sheet information: It is determined that the fair value of the Blossom division is $2,200,000. (a) Compute the amount of goodwill recognized, if any, on May 31, 2026