$12.$ On January $1,2024,$ Jackie Corporation purchased $30\%$ of the voting common stock of Rob Company, paying $$2,000,000.$ Jackie properly accounts for this investment using the equity method. At the time of the investment, Rob$$s total stockholders$$ equity was $$3,000,000.$ Jackie gathered the following information about Rob$$s assets and liabilities whose book values and fair values differed:

Any excess of cost over fair value was attributed to goodwill, which has not been impaired. Rob reported net income of $$300,000$ for $2024,$ and paid dividends of $$100,000$ during that year.

What is the amount of the excess of purchase price over book value?

Multiple Choice

a$.$ $$1,100,000$

b$.($$$1,000,000)$

c$.$ $$800,000$

d$.$ $$1,000,000$

$$400,000$