Following is the statement of financial position of Nash Industries, Ltd., as at December 31, 2020: Book Value Fair Value Cash $56,200 $56,200 Accounts receivable 275,700 281,400 Inventory 188,900 180,600 Land 100,400 128.200 Plant and equipment (net) 772.000 897,000 $1,393,200 Current liabilities $139.400 139,400 Warranty liability 100,400 130.700 Common shares 663.200 Retained earnings 490.200 $1,393,200 The following day (January 1, 2021), Nash was purchased by PPL Enterprises Inc. for a lump-sum cash payment of $1,309,700. Calculate the amount of goodwill acquired by PPL in this transaction. Amount of goodwill $