How much would a homeowner receive with actual cash$-$value coverage and replacement cost coverage for a $3-$year$-$old sofa destroyed by a fire? The sofa would cost $$1,200$ to replace today, whereas it cost $$1,0403$ years ago, and it has an estimated life of $6$ years.

With actual cash$-$value coverage, the amount the owner would receive for the sofa would be $$.($Round to the nearest dollar.$)$