In late May $2023,$ TrL Utd, a private company, paid $$3,000,000$ to acquire all of the net assets of SFM Corp., which then became a division of TTL$.$

It was determined at the date of the purchase that the fair value of the identifiable net assets of SFM was $$2,900,000.$

SFM reported the following statement of financial position at the time of acquisition:

$\backslash$table$[[\backslash$table$[[$Current assets$],[$Non$-$current assets$]],$$$940,000,$Current liabilities,$$500,000$