On September 1, 2017, Sarasota Corporation acquired Aumont Enterprises for a cash payment of $690,000. At the time of purchase, Aumonts balance sheet showed assets of $550,000, liabilities of $250,000, and owners equity of $300,000. The fair value of Aumonts assets is estimated to be $750,000.

Compute the amount of goodwill acquired by Sarasota.

Value assigned to goodwill