Pinehollow acquired all of the outstanding stock of Stonebriar by issuing 100,000 shares of its $1 par value stock. The shares have a fair value of $15 per share. Pinehollow also paid $25,000 in direct acquisition costs. Prior to the transaction, the companies have the following balance sheets:

Assets Pinehollow Stonebriar

Cash $ 150,000 $ 50,000

Accounts receivable 500,000 350,000

Inventory 900,000 600,000

Property, plant, and equipment (net) 1,850,000 900,000

Total assets $3,400,000 $1,900,000

Liabilities and Stockholders' Equity

Current liabilities $ 300,000 $ 100,000

Bonds payable 1,000,000 600,000

Common stock ($1 par) 300,000 100,000

Paid-in capital in excess of par 800,000 900,000

Retained earnings 1,000,000 200,000

Total liabilities and equity $3,400,000 $1,900,000

The fair values of Stonebriar's inventory and plant, property and equipment are $700,000 and $1,000,000, respectively. What is the amount of goodwill that will be included in the consolidated balance sheet immediately following the acquisition?