On September 1, 2014, Winans Corporation acquired Aumont Enterprises for a cash payment of $722,320. At the time of purchase, Aumonts balance sheet showed assets of $607,580, liabilities of $195,750, and owners equity of $411,830. The fair value of Aumonts assets is estimated to be $825,200.

Compute the amount of goodwill acquired by Winans

Value assigned to goodwill

$