Wildhorse Company's 12/31/18 balance sheet reports assets of $11850000 and liabilities of $4970000. All of Wildhorse's assets' book values approximate their fair value, except for land, which has a fair value that is $770000 greater than its book value. On 12/31/18, Egbert Corporation paid $12050000 to acquire Wildhorse. What amount of goodwill should Egbert record as a result of this purchase?

$5170000

$0

$200000

$4400000