P Ltd acquired 80% of S Ltd on 31 December 20x8 when P Ltd's net assets were represented by share capital of $500 million and retained profits of $500 million, and S Ltd's net assets were represented by share capital of $100 million and retained profits of $100 million. The group policy was to measure non-controlling interest based on its share of the acquisition-date fair value of identifiable net assets of subsidiary acquired. The "Share capital", "Retained profit", and "Non-controlling interest" in the consolidated statement of financial position as at 31 December 20x8 should be respectively:

Group of answer choices

1. $nil, $500 million and $40 million.
2. $nil, $nil and $nil.
3. None of the listed choices.
4. $500 million, $500 million and $40 million.
5. $500 million, $nil and $40 million.

Which option is it?