On September 1, 2020, Bridgeport Corporation acquired Metlock Enterprises for a cash payment of $800,000. At the time of purchase, Metlocks balance sheet showed assets of $630,000, liabilities of $180,000, and owners equity of $450,000. The fair value of Metlocks assets is estimated to be $760,000. Compute the amount of goodwill acquired by Bridgeport.

Value assigned to goodwill

$enter a dollar amount of goodwill acquired by Bridgeport