ABC Inc and DEF Inc. formed a joint venture on January 1, 2019. ABC invested plant and equipment with a book value of $600,000 and a fair value of $775,000 for a 20% interest in the venture which was to be called GHI Ltd. DEF contributed assets with a fair value of $1,800,000 and a book value of $1,000,000.DEF also received $200,000 in cash for its 80% stake in GHI. GHI reported a net income of $7,000,000 for 2016. ABC's plant and equipment were estimated to provide an additional 7 years of utility to GHI. The transactions set out above were considered to be of commercial substance.

Question Assume that the facts provided above with respect to the GHI joint venture remain unchanged except that ABC receives $200,000 in return for investing its plant and equipment. What would be the amount of the unrealized gain?