X Inc. owns $80\%$ of Y Inc. During $20$x$8,$ X Inc. sold land with a cost of $$285,000$ to Y for $$355,000.$ Y sells the land to a third party in July $20$x$9.$

Ignoring income taxes, what is the dollar amount of the unrealized profit on this intercompany sale that must be eliminated for consolidation at December $31,20$x$8?$