Skipen Corp. had the following stockholders' equity accounts: The preferred stock was participating and is therefore considered to be equity. Vestin Corp. acquired 90% of this common stock for $2, 250,000 and 70% of the preferred stock for $1, 120,000. All of the subsidiary's assets and liabilities were determined to have fair values equal to their book values except for land which is undervalued by $130,000. Required: What amount was attributed to goodwill on the date of acquisition