On December 31, 20X0, Polar Corporation acquired 100% ownership of Bear Corporation. On that date, Bear reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and retained earnings of $150,000. The book values and fair values of Bear's assets and liabilities were identical except for land which had increased in value by $10,000 and inventories which had decreased by $5,000. What is the amount of total differential if the acquisition price was $240,000?