Special Snowflakes, Inc. acquires 100% of the outstanding shares of Unicorn Corp. for $2,450,000 and accounts for the transaction using the purchase method. Unicorns balance sheet at the acquisition date is as follows:

Unicorn, Corp. Balance Sheet Acquisition Date
	Historical Cost	Current Market Value
Assets
Current Assets	$ 900,000	$ 800,000
Depreciable Assets less Accumulated Depreciation	$ 875,000	$1,250,000
Goodwill
Total Assets	$1,775,000
Liabilities and Equities
Liabilities	$1,100,000	$1,200,000
Deferred Income Tax Liability	$ 125,000	$ 125,000
Shareholders' Equity	$ 550,000
Total Liabilities and Equities	$1,775,000

Based on the information concerning Unicorn Corp. what is the value of the goodwill related to the acquisition that Special Snowflakes will initially record?