Wildhorse Companys 12/31/18 balance sheet reports assets of $7090000 and liabilities of $2890000. All of Wildhorses assets book values approximate their fair value, except for land, which has a fair value that is $429000 greater than its book value. On 12/31/18, Horace Wimp Corporation paid $7228000 to acquire Wildhorse. What amount of goodwill should Horace Wimp record as a result of this purchase?

$3028000

$0

$138000

$2599000