On Jan 1, 2019, ABC paid $3,550,000 to acquire DEF, which became a division of ABC. DEF reported the following balance sheet at the time of the acquisition prepared in accord with US GAAP:

Current assets $900,000 Current liabilities $600,000 Noncurrent assets 2,700,000 Long-term liabilities 500,000 Stockholders equity 2,500,000 Total assets $3,600,000 Total liabilities and stockholders equity $3,600,000 It was determined at the date of the purchase that the fair value of the identifiable net assets of DEF was $3,100,000. At December 31, 2020, DEF reports the following balance sheet information:

Current assets $800,000 Noncurrent assets (including goodwill recognized in purchase) 2,400,000 Current liabilities -700,000 Long-term liabilities -500,000 Net assets $2,000,000 It is determined that the fair value of the DEF division is $1,900,000 and, except for goodwill, all book values at 12/31/2020 are good approximations of fair market values. The fair market value of the Noncurrent assets excluding goodwill is 2,200,000

What is the value of goodwill ABC should record on Jan 1, 2019?