Salem Co. had the following account balances as of December 1, 2020: 745,000 542,000 888,000 Inventory Land Buildings - net [valued at $1,233,000] Common stock ($10 par value] Retained earnings, December 1, 2 Revenues Expenses 960,000 1,320,000 720,000 625,000 Winston Inc. transferred $1.7 million in cash and 13,000 shares of its newly issued $30 par value common stock (valued at $88 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. [3 points)