Patel Company Paid $5 Million for 100% of the Voting

Patel Company paid $5 million for 100% of the voting shares of Satel Company.On the date of acquisition the book value of Satel's net assets was $4 million and the fair value was $4.4 million.What would be the value of goodwill reported on the consolidated balance sheet at the date of acquisition?

A) $0
B) $400,000
C) $600,000
D) $1,000,000