Midpark Co.purchased a 30% interest in Cycling Pros, Inc. on December 31, 2020 for $1,000,000. On that date, Cycling Pros' net assets had a book value of $2,000,000 and fair value of $3,000,000. What amount of goodwill resulted from this acquisition?

Select one:

A. $ 400,000

B. $-0-

C. $1,000,000

D. $ 100,000

**options A and C are incorrect**, cannot figure out which one is the correct answer. Please say which one it is and explain.