Following is the statement of financial position of Pharoah Industries, Ltd$.,$ as at December $31,2023$:

Book Value

Fair Value

Cash

$$54,300$ $$54,300$

Accounts receivable

$276,100281,900$

Inventory

$185,900181,600$

Land

$103,600128,800$

Plant and equipment $($net$)$

$768,200892,200$

$$1,388,100$

Current liabilities

$$139,200139,200$

Warranty liability

$99,700131,800$

Common shares

$661,300$

Retained earnings

$487,900$

$$1,388,100$

The following day $($January $1,2024),$ Pharoah was purchased by Sunland Enterprises Inc. for a lump$-$sum cash payment of $$1\mathrm{.}3$ million. Calculate the amount of goodwill acquired by Sunland in this transaction.