Accounting for Acquisition Under Acquisition Method

During its fiscal year, Company A acquired Company B for a total purchase price of $1,200,000. At the acquisition date, Company B had identifiable net assets with a fair value of $1,000,000. However, Company B also possessed goodwill with a carrying value of $200,000 that was not identifiable at the time of the acquisition. Under the acquisition method of accounting, how should Company A account for the acquisition of Company B's identifiable net assets and goodwill?