On November 12, 2021, Red Corp. purchased Blue Inc. for $600,000. Blues balance sheet on that date is as follows:

Assets:				Liabilities:
Cash	$ 10,000			Accounts Payable		$ 30,000
Accounts Receivable (net)		60,000		Notes Payable		90,000
PP&E (net)	300,000			Pension Liability		100,000
Patent	50,000			Total Liabilities		220,000
				Owners Equity:
				Common Stock		40,000
				Retained Earnings		160,000
				Total Stockholders Equity		200,000
	_______					_______
Total Assets	$420,000			Total Liabilities & Stockholders Equity	$420,000

Red Corp. has determined the following for Blue Inc.:

• The net realizable value of its accounts receivable is $45,000
• The fair value of its PP&E is $400,000
• The pension liability is understated by $25,000
• An unrecorded customer list Blue owns is worth $10,000
• For all other amounts, the book value on 11/12/21 equals their fair value

Question: How much goodwill, if any, should Red Corp. record on 11/12/21 related to this purchase?