Ambleo acquired 80% of the 200,000 shares of common stock of Rood Corp. for $2,500,000. The fair value of Root's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Root Corp. were actively traded at $5. What is the total amount of goodwill recognized at the date of acquisition?

Select one:

a.$650,000

b.$1,625,000

c.$1,200,000

d.$1,275,000

e.$850,000