Problem 6-17 (Algo) (LO 6-4) On January 1, Coldwater Company has a net book value of $2,358,000 as follows: 1,650 shares of preferred stock; par value $100 per share; cumulative, nonparticipating, nonvoting; call value $108 per share 39,500 shares of common stock; par value $40 per share Retained earnings Total $ 165,000 1,580,000 613,000 $2,358,000 Westmont Company acquires all outstanding preferred shares for $176,600 and 60 percent of the common stock for $1,375,680. The acquisition-date fair value of the noncontrolling interest in Coldwater's common stock was $917,120. Westmont believed that one of Coldwater's buildings, with a 12-year remaining life, was undervalued by $50,200 on the company's financial records. What amount consolidated goodwill would be recognized from this acquisition