3. Pit Corp. issues 80,000 shares of its $10 par common stock with a market value of $20 per share, and it also gives a 10%, five-year note payable for $400,000 for the net assets of Sad Co. the Gain from bargain purchase is * (2 Points) * 400000 2400000 80000 8000000 3. Pit Corp. issues 80,000 shares of its $10 par common stock with a market value of $20 per share, and it also gives a 10%, five-year note payable for $400,000 for the net assets of Sad Co. the Gain from bargain purchase is * (2 Points) * 400000 2400000 80000 8000000