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) 1,080,000 Common stock ($10 par value] 960,000 Retained earnings, December 1, 2 1,320,000 Revenues 720,000 Expenses 600,000 Winston Inc. transferred $1.7 million in cash and 12,000 shares of its newly issued $30 par value common stock (valued at $90 per share) to acquire all of Salem's outstanding common stock. Determine the balance for Goodwill that would be included in a December 1, 2020, consolidation as a result of the acquisition