Calendar year ParentCo acquired all of the stock of SubCo on January $1,$ year $1,$ for $$1,000,000.$ The parties immediately elected to file consolidated income tax returns. SubCo generated taxable income of $$250,000$ for year $1$ and paid a dividend of $$100,000$ to ParentCo. In year $2,$ SubCo generated an operating loss of $$350,000,$ and in year $3,$ it produced taxable income of $$750,000.$ As of the last day of year $3,$ what was ParentCo$$s basis in the stock of SubCo?

Group of answer choices

$$1,650,000$

$$1,550,000$

$$1,000,000$

$$0$