Following is the statement of financial position of Sheridan Industries, Ltd., as at December 31, 2020: Book Value Fair Value Cash $56,400 $56,400 Accounts receivable 276,800 282,500 Inventory 188.500 180.200 Land 101,200 128.800 Plant and equipment (net) 771,300 901,300 $1,394.200 Current liabilities $139.000 139.000 Warranty liability 101,200 131.900 Common shares 662.700 Retained earnings 491.300 $1,394,200 The following day (January 1, 2021), Sheridan was purchased by PPL Enterprises Inc.for a lump-sum cash payment of $1,314,700. Calculate the amount of goodwill acquired by PPL in this transaction. Amount of goodwill $