Seguro Company's balance sheet on December 31, 2002, was as follows: On December 31, 2002, Penjamo Corporation acquired all the outstanding common stock of Seguro for $1,200,000. On that date, the current fair value of Seguro's inventories was $360,000 and the current fair value of Seguro's plant assets was $800,000. The current fair values of all other identifiable assets and liabilities of Seguro were equal to their carrying amounts. As a result of the acquisition of Seguro by Penjamo, the December 31, 2002, consolidated balance sheet of Penjamo and subsidiary displays goodwill in the amount of: