1.AcquirerCorporation acquired for cash at $8 per share, all 100,000 shares of the outstanding common stock ofAcquireeCompany. The total fair value of the identifiable assets acquired minus the fair value of liabilities assumed ofAcquireewas $1,202,000 million on the acquisition date, including the fair value of its property, plant, and equipment (its onlynoncurrentasset) of $447,000. The consolidated financial statements ofAcquirerCorporation and its wholly owned subsidiary at the date of acquisition must reflect a bargain purchase gain of what amount?.) (State the gain as a positive number in your answer.)