On January 1 2022, the company bought 3,200,000 of the ordinary share capital of Cruise Limited at a price of $12,800,000 and 40% of the ordinary shares of Ship Limited for $1,200,000. The total share capital of Cruise Limited was 4,000,000 $1 ordinary shares. At the date of the acquisition the retained earnings of Cruise Limited was $178,000 and the general reserve balance was $98,000. Ship Limited is a small distribution company in the city with a share capital of 800,000 $1 ordinary shares.

Calculate the goodwill acquired on the acquisition of Cruise limited, if the fair value of Non-Controlling Interest (NCI) was $2,800,000.