Oriole Company’s 12/31/21 balance sheet reports assets of $11550000 and liabilities of $4910000. All of Oriole’s assets’ book values approximate their fair value, except for land, which has a fair value that is $710000 greater than its book value. On 12/31/21, Egbert Corporation paid $11744000 to acquire Oriole. What amount of goodwill should Egbert record as a result of this purchase?

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