On September 1, 2020, Ayayai Corporation acquired Kingbird Enterprises for a cash payment of $650,000. At the time of purchase, Kingbirds balance sheet showed assets of $520,000, liabilities of $150,000, and owners equity of $370,000. The fair value of Kingbirds assets is estimated to be $750,000. Compute the amount of goodwill acquired by Ayayai.