Required information The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 2018, prior to the business combination whereby Goodwin acquired Corr, are as follows (in thousands) Goodwin $ 2,700 1,980 $ 720 2,400 720 Corr Revenues Expenses $ 600 400 $ 200 Net income Retained earnings, 1/1 Net income Dividends $ 400 200 2,850 $ 240 1,200 2,700 2.100 6,240 $ 1,500 1,080 810 2.850 $6,240 $600 Retained earnings, 12/31 Cash Receivables and inventory Buildings (net) Equipment (net) $220 340 600 1.200 2,360 Total assets Liabilities Common stock Additional paid-in capital Retained earnings $ 820 400 540 600 Total liabilities and stockholders' equity $2,360 On December 31, 2018, Goodwin obtained a loan for $600 and used the proceeds, along with the transfer of 30 shares of its $10 par value common stock, in exchange for all of Corr's common stock. At the time of the transaction, Goodwin's common stock had a fair value of $40 per share In connection with the business combination, Goodwin paid $25 to a broker for arranging the transaction and $35 in stock issuance costs. At the time of the transaction, Corr's equipment was actually worth $1,400 but its buildings were only valued at $560 Compute the goodwill arising from this acquisition at December 31, 2018