Assume Parent Ltd acquires 100% of Subsidiary Ltd for $700 000. If the book value in Subsidiary Ltd of the net assets is $650 000 and the fair value of the net asset acquired are $760 000 with a tax rate of 30%, what is the goodwill/gain on bargain purchase on acquisition? Select one: a. $50 000 goodwill b. $60 000 goodwill c. $27 000 gain on bargain purchase d. $60 000 gain on bargain purchase