Company ABC is acquiring $40\%$ of Company XYZ$\text{'}$s outstanding shares. At the acquisition date, ABC collected the following information on XYZ$.$ The management at ABC believes $xYZ$ is worth more than its identifiable net assets. Therefore, they are willing to pay $$120,000$ for the acquisition. Calculate the goodwill from this M&A transaction.

$\backslash$table$[[,$Book Value,Fair Value$],[$Current assets,$12,000,12,000],[$Plant and equipment,$200,000,210,000],[$Land$,320,000,390,000],[$Total liabilities,$400,000,400,000]]$