On January 1, 20X0, Fall Corporation Purchased 100% of the Outstanding

On January 1, 20X0, Fall Corporation purchased 100% of the outstanding voting shares of Foliage Corporation for $600,000. The book and market values of Foliage's assets and liabilities as of January 1, 20X0 are listed below: $$\begin{array} { | l | r | r | } \hline \text { Item } & \text { Book Value } & \text { Market Value } \\\hline \text { Equipment } & \$ 60,000 & \$ 80,000 \\\hline \text { Trucks } & \$ 40,000 & \$ 55,000 \\\hline \text { Factory } & \$ 300,000 & \$ 320,000 \\\hline \text { Remaining assets } & \$ 130,000 & \$ 130,000 \\\hline \text { Liabilities } & \$ 100,000 & \$ 100,000 \\\hline\end{array}$$ Calculate the amount of goodwill that should be recognized.