ABC Company acquired all 60 million common shares of MSN Company on December 31, 2020. In the acquisition, ABC issued 39 million shares of ABC stock plus $30 cash for each share of MSN stock. ABC stock, which has a par value of $1 per share, had a market value of $25 per share. The estimated fair value of MSN accounts were as follows:

Cash and cash equivalents $ 100,000,000

Accountgs Receivable $ 150,000,000

Capitalized costs $ 210,000,000

Intangible assets $ 2,500,000,000

Accounts payable $ (215,000,000)

Other Liabilities $ (70,000,000)

Deferred income tax liability $(1,100,000,000)

Required:

1. Calculate the total price paid for MSN. Is there goodwill or a gain on bargain purchases?
2. Record the acquisition assuming MSN was dissolved