Goodwill Measurement and Recording
Snoopy Inc Following Are the Fair Values of Woodstock's Net Assets as Net

Goodwill measurement and recording
Snoopy Inc. is considering purchasing the net assets of Woodstock Corporation. Following is the statement of financial position of Woodstock as at December 31, 2020.
$\begin{array}{c}\text {WOODSTOCK CORPORATION}\\\text {Statement of Financial Position}\\\text {As at December 31, 2020}\\\begin{array}{|l|r|}\hline\text { Current assets } & \$ 231,400 \\\hline \text { Buildings and equipment } & 753,000 \\\hline \text { Accumulated amortization } & (113,000) \\\hline \text { Land } & 173,000 \\\hline \text { Total assets } & \$ 1,044,400 \\\hline \text { Current liabilities } & \$ 187,000 \\\hline \text { Commonshares } & 577,000 \\\hline \text { Retained earnings } & 280,400 \\\hline \text { Total liabilities and equity } & \$ 1,044,400\\\hline\end{array}\end{array}$ Following are the fair values of Woodstock's net assets as at December 31, 2020.
$$\begin{array} { | l | r | } \hline \text { Current assets } & \mathbf { \$ 2 2 5 , 5 0 0 } \\\hline \text { Buildings and equipment } & \mathbf { 4 8 2 , 6 0 0 } \\\hline \text { Land } & \mathbf { 3 1 3 , 5 0 0 } \\\hline \text { Current liabilities } & { ( 166,300 ) } \\\hline &\$ \mathbf { 8 8 5 , 3 0 0 } \\\hline\end{array}$$ Instructions
Calculate the value of goodwill that would be recorded by Snoopy if it offered $ 2,060,300 for the net assets of Woodstock Corporation.