1 points Barney Ltd acquired the assets and liabilities of Bunny Pty Ltd on 1 June 2019 by paying cash of $480,000 on acquisition date and transfer a piece of land to Bunny Pty Ltd. The land has an original cost of $180,000 and a fair value of $200,000. The net assets of Bunny Pty Ltd acquired amounted to $590,000. The amount of goodwill or gain on bargain purchase arising from this business combination is: Gain on bargain purchase of $70,000 Goodwill of $90,000 Gain on bargain purchase of $90,000 Goodwill of $70,000 000