Blue Spruce Corporation is interested in purchasing Lau Company Ltd. The total of Lau's net income amounts over the past five years is $749,000. During one of those years, Lau reported a gain on discontinued operations of $93,300. The fair value of Lau's net identifiable assets is $684,800. A normal rate of return is 14%, and Blue Spruce wants to capitalize excess earnings at 20%. Calculate the estimated value of Lau's goodwill. Estimated value of La's goodwill