Vasquez Manufacturing Company decided to expand further by

Vasquez Manufacturing Company decided to expand further by purchasing Wasserman Company. The balance sheet of Wasserman Company as of December 31, 2015 was as follows:

Wasserman Company
Balance Sheet
December 31, 2015

Assets Liabilities and Equities
Cash $210,000

Accounts payable $375,000
Receivables 550,000

Common stock 800,000
Inventory 275,000

Retained earnings 885,000
Plant assets (net) 1,025,000
Total assets $2,060,000

Total liabilities and equities $2,060,000

An appraisal, agreed to by the parties, indicated that the fair value of the inventory was $370,000 and that the fair value of the plant assets was $1,325,000. The fair value of the receivables is equal to the amount reported on the balance sheet. The agreed purchase price was $2,275,000, and this amount was paid in cash to the previous owners of Wasserman Company.

Determine the amount of goodwill (if any) implied in the purchase price of $2,275,000.
Goodwill $