On January 1, 2014, Fall Corporation Acquired 100% of the Outstanding

On January 1, 2014, Fall Corporation acquired 100% of the outstanding voting shares of Foliage Corporation for $600,000. The book and fair values of Foliage's assets and liabilities as of January 1, 2014 are listed below: $$\begin{array} { l r r } \text { Item } & \text { Book Value } & \text { Fair value } \\\text { Equipment } & \$ 60,000 & \$ 80,000 \\\text { Trucks } & \$ 40,000 & \$ 55,000 \\\text { Factory } & \$ 300,000 & \$ 320,000 \\\text { Other assets } & \$ 130,000 & \$ 100,000 \\\text { Liabilities } & \$ 100,000 & \$ 105,000\end{array}$$ Required:
Calculate the amount of goodwill resulting from the acquisition.