Annapolis Company Was Recently Sold For 480 000 Annapolis Had Assets Liabilities

Annapolis Company was recently sold for $480,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of:

Item

Amount

Accounts Receivable assumed by buyer

$129,000

Inventory

$285,000

Property, Plant & Equipment (net)

$505,000

Notes Payable assumed by buyer

$685,000

Using this information, how much should be recorded as Goodwill for this transaction?