On January 1, 2021, Harrison Corporation spent $2,600,000 to acquire control over Involved, Inc. This price was based on paying $750,000 for 30% of Involved's preferred stock, and $1,850,000 for 80% of its outstanding common stock. As of the date of the acquisition, Involved's stockholders' equity accounts were as follows:Common stock, $10 par value, 100,000 shares outstanding $1,000,000 Preferred stock, 7% fully participating, $100 par value, 10,000 shares outstanding $1,000,000 Retained earnings $2,000,000 Total stockholders' equity $4,000,000Assuming Involved's accounts are correctly valued within the company's financial statements, what amount of goodwill should be recognized for the Investment in Involved?

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