Robinson Company purchased Franklin Company at a price of $3,950,000. The fair market value of the net assets purchased equals $2,860,000. What is the amount of goodwill that Robinson records at the purchase date? Does Robinson amortize goodwill at year-end for financial reporting purposes? Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $1,370,000 of goodwill. Should Robinson Company record this goodwill