Road Corporation acquired all of Conger Corporation's voting shares on January 1, 20X2, for $487,000. At that time Conger reported common stock outstanding of $87,000 and retained earnings of $148,000. The book values of Conger's assets and liabilities approximated fair values, except for land, which had a book value of $87,000 and a fair value of $107,000, and buildings, which had a book value of $240,000 and a fair value of $408,000. Land and buildings are the only noncurrent assets that Conger holds.

Required:
a.	Compute the amount of goodwill at the date of acquisition.