Edith, Inc. purchased all of Award Corporation's common stock on January $1,2$XX$0,$ for $$3,000,000$ cash. Award's stockholders' equity amounted to $$1,200,000.$ The excess of $$1,800,000$ was due to undervalued PPE with a $10-$year life. In $2$XX$0,$ Award reported net income of $$750,000$ and paid dividends of $$75,000.$

For $2$XX$0,$ what amount of Equity Income will Edith record?