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The balance sheet of Dotel Company at 12/31/15 reports assets of $9,000,000 and liabilities of $3,750,000. All of the book values of Dotel's assets approximate

The balance sheet of Dotel Company at 12/31/15 reports assets of $9,000,000 and liabilities of $3,750,000. All of the book values of Dotel's assets approximate their fair value, except for the land, which has a fair value of $600,000 greater than its book value. On 12/31/15, Egbert Corporation paid $9,150,000 to acquire Dotel. What amount of goodwill should Egbert record as a result of this purchase?

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