Alpha Company acquired all of the net assets of Beta Company for $5,000,000 cash. At the time of the acquisition, the book value of the net assets of Beta was $3,200,000 and appraisals showed that all accounts were at fair value except Land (undervalued $200,000) and Building (undervalued $800,000) while Accounts Receivable were overvalued $100,000. What amount of goodwill should Alpha recognize as a result of this purchase