Growl Ltd Acquires All the Issued Capital of Tiger Ltd

Growl Ltd acquires all the issued capital of Tiger Ltd for a cash payment of $5 000 000 on 30 June 2015.The statement of financial position of Tiger Ltd at purchase date is: $$\begin{array} { | l | r | } \hline & ( \$ 000 ) \\\hline \text { Assets } & \\\hline \text { Cash } & 500 \\\hline \text { Accounts receivable } & 900 \\\hline \text { Equipment } & 2990 \\\hline \text { Land } & \underline{4500} \\\hline \text { Total assets } & \underline{8890} \\\hline & \\\hline \text { Liabilities } & \\\hline \text { Accounts payable } & 560 \\\hline \text { Loans } & \underline{3830} \\\hline \text { Total liabilities } & \underline{4390} \\\hline & \\\hline \text { Shareholders' equity } & \\\hline \text { Share capital } & 3200 \\\hline \text { Retained earnings } & \underline{1300} \\\hline \text { Total liabilities and shareholders' funds } & \underline{8890} \\\hline\end{array}$$ The fair value of the net assets at the date of purchase was $4 200 000.What amount of goodwill or excess would be recorded in the consolidated statements at the date of purchase?

A) $500 000 goodwill
B) $300 000 discount
C) $800 000 goodwill
D) $389 000 discount