On September 1, 2020, Concord Corporation acquired Skysong Enterprises for a cash payment of $790,000. At the time of purchase, Skysongs balance sheet showed assets of $630,000, liabilities of $180,000, and owners equity of $450,000. The fair value of Skysongs assets is estimated to be $890,000. Compute the amount of goodwill acquired by Concord. Value assigned to goodwill $enter a dollar amount of goodwill acquired by Concord