Quarry and Ravine form a partnership. Quarry contributes $500,000 in cash. Ravine contributes cash of $350,000 and supplies with a fair value of $150,000. 75% to Quarry, and 25% to Ravine. If the goodwill approach to partnership formation is used, the initial entry to record the formation of the partnership will recognize goodwill of: Select one: a. $1,500,000 b. $500,000 c. $250,000 d. $1,000,000