Salem Co$.$ had the following account balances as of December $1,2020$: Inventory $$720,000$ Land $$600,000$ Buildings$-$ Net $($valued at $$1,200,000)1,080,0000$ Common Stock $($$$10$ par value$)960,000$ Retained earnings, December $1,20201,320,000$ revenues $720,000$ Expenses $600,000$ Assume that Bellington paid cash of $2\mathrm{.}8$ million and no stock is issued. Also asssume that $50,000$ is paid in direct combination costs. For goodwill, determine what balance would be included un a Decmber $1,2020$ consolidation as a result of the acquisition