On January 1,2019,Fall Corporation acquired 100% of the outstanding voting shares of Foliage Corporation for $600,000.The book and fair values of Foliage's assets and liabilities as of January 1,2019 are listed below:
What amount of goodwill,if any,will be recorded by Fall Corporation as a result of this investment?

Goodwill

An intangible asset that arises when a company acquires another business for more than the value of its tangible and identifiable intangible assets.

Outstanding Voting Shares

The total number of shares of a corporation's stock that are currently owned by shareholders and have the right to vote.

Fair Value

An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties, neither under compulsion to act.