Culver Corporation's pre-tax accounting income of $737,000 for the year 2023 included the following items:

Amortization of identifiable intangibles

$147.000

Depreciation of building

118,000

Loss from discontinued operations

44.000

Unusual, non-recurring gains

150.000

Profit-sharing payments to employees

67,400

Ewing Industries Ltd. would like to purchase Culver. In trying to measure Culver's normalized earnings for 2023, Ewing determines that the building's fair value is triple the book value and that its remaining economic life is double the life that Culver is using. Ewing would continue the profit-sharing payments to employees, with the payments being based on income from continuing operations before amortization and depreciation.

Calculate the 2023 normalized earnings amount of Culver that Ewing would use to calculate goodwill.

Normalized earnings

$