Titan Company Pays $2,000,000 in Cash to Acquire Victory Company's

Titan Company pays $2,000,000 in cash to acquire Victory Company's assets and liabilities. Book and fair values of Victory's assets and liabilities appear below.
$$\begin{array} { | l | r | r | } \hline & { \text { Book Value } } &{ \text { Fair Value } } \\\hline \text { Current assets } & \$ 300,000 & \$ 200,000 \\\hline \text { HTM investments } & 100,000 & 120,000 \\\hline \text { Buildirg s, net } & 1,200,000 & 1,000,000 \\\hline \text { Equipment, net } & 2,000,000 & 500,000 \\\hline \text { Identifiable intangible assets } & 0 & 1,000,000 \\\hline \text { Liabilities } & 500,000 & 520,000 \\\hline\end{array}$$ What is the gain on acquisition?

A) $820,000
B) $-0-
C) $280,000
D) $300,000