Following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2018:

	Penske					Stanza
Revenues	$	(832,000	)			$	(424,000	)
Cost of goods sold		296,200					106,000
Depreciation expense		227,000					390,000
Investment income		Not given					0
Dividends declared		80,000					60,000
Retained earnings, 1/1/18		(614,000	)				(326,000	)
Current assets		570,000					698,000
Copyrights		920,000					501,000
Royalty agreements		626,000					1,160,000
Investment in Stanza		Not given					0
Liabilities		(606,000	)				(1,885,000	)
Common stock		(600,000	)	($20 par)			(200,000	)	($10 par)
Additional paid-in capital		(150,000	)				(80,000	)

Note: Parentheses indicate a credit balance.

On January 1, 2018, Penske acquired all of Stanzas outstanding stock for $874,000 fair value in cash and common stock. Penske also paid $10,000 in stock issuance costs. At the date of acquisition copyrights (with a six-year remaining life) have a $598,000 book value but a fair value of $700,000.

As of December 31, 2018, what is the consolidated balance to be reported for goodwill?