On March 31, 2018 AFJ, Inc. paid $6,000,000 to acquire Jacob Corporation. Jacob Corporation's March 31, 2018 balance sheet reports $6,100,000 of assets and liabilities of $2,500,000. All of the assets on Jacob's books approximate fair value except for land, which has a fair value that is $400,000 greater than its book value. What is the excess of cost over fair value of identifiable net assets of Acquired subsidiary that AFJ, Inc. should record as a result of this purchase?