a) Particulars Debit Credit Receivables $90,000 Inventory $75,000 Copyrights 480,000 Patented Technology 700,000 Research and Development Asset 200,000 Current Liabilities 160,000 Long Term Liabilities 635,000 Cash $700,000 Contingent Liability Performance $35,000 Gain on Bargain Purchases $15,500 Professional Service Expenses 100,000 Cash 100,000 Cash Paid A $700,000 Contingent performance Liability B