Biden acquired 100% of Cain on January 1, 2016 for $2,884,000. The book value of the net assets of Cain on the acquisition date was $1,617,000. Differences between the fair value of identifiable net assets and the book value were determined to total $60,000. Biden follows a practice of amortizing its intangible assets over 15 years. Assume there has been no impairment of goodwill since the acquisition. What amount of Goodwill should Biden recognize on its consolidated financial statements as of 12/31/2020