Scott Company acquires 100% of the stock of Mahl Corporation on January 1, 2014, for $1,140,000 cash. As of that date Mahl had the following account balances:

	Book Value		Fair value
Cash	$110,000
Accounts receivable	180,000
Inventory	240,000		$270,000
Building-net (10 year life)	450,000		360,000
Equipment-net (5 year life)	300,000		375,000
Land	270,000		390,000
Accounts Payable	120,000
Bonds Payable ($500,000 face value)	500,000	(Due 12/31/17)	510,000
Common stock	300,000
Additional paid-in capital	180,000
Retained earnings	450,000

In 2014 and 2015, Mahl had net income of $30,000 and 36,000, respectively. In addition, Mahl paid dividends of $9,000 in both years. Inventory is assumed to be sold in 2014.

What is the amount of goodwill at date of acquisition?