On January $1,2023,$ AMI Corporation purchased the non$-$cash net assets of Ayayai Ltd$.$ for $$8,375,100.$ Following is the statement of financial position of Ayayai Ltd$.$ from the company's year$-$end the previous day:

Ayayai LTD$.$

Statement of Financial Position

As at December $31,2022$

Cash

$$620,000$

Accounts receivable

$560,000$

Inventory

$2,570,000$

Property, plant, and equipment $($net$)2,110,000$

Land

Accounts payable

Common shares

$2,560,000$

Retained earnings

$\frac{5,540,000}{\text{\$}8,470,000}$