Goodwill Calculation under Acquisition Method

XYZ Inc. is acquiring ABC Corp. and is preparing to account for this acquisition using the acquisition method under IFRS. During the acquisition, XYZ Inc. obtained an 80% ownership interest in ABC Corp. The fair value of the identifiable net assets acquired from ABC Corp. is determined to be $2 million, and the fair value of the non-controlling interest (NCI) at the acquisition date is estimated at $500,000. Additionally, the purchase price for the acquisition was agreed upon at $2.5 million.

In determining the goodwill arising from this acquisition, which of the following calculations accurately represents the goodwill recognized by XYZ Inc.?