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Westfall Water Co (WWC) acquired 75% of the share capital of Brooke Foods Inc (BFI) on 1 June 20X3 for a cash consideration of $1

Westfall Water Co (WWC) acquired 75% of the share capital of Brooke Foods Inc (BFI) on 1 June 20X3 for a cash consideration of $1 million. BFI has 100,000 shares in issue. The value of BFI's net assets at the acquisition date is $600,000. The price of a BFI share at 1 June 20X3 is $10. WWC elects to value NCI at fair value. What is the goodwill arising on the acquisition of BFI? Do not include symbols, commas, or letters in your response

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