Blue Mountains Limited acquired all the shares of Green Waters Limited for $750 000. At acquisition date, the carrying amounts and fair values of Green Waters Limited's recorded assets and liabilities are given as follows: In $ Cash and cash equivalents Inventory PP&E Notes payables Carrying amount Fair value 120 000 120 000 240 000 300 000 320 000 400 000 80 000 80 000 In addition, there are contingent liabilities with fair value $100 000 related to a provision for guarantee made by Green Waters Ltd. The tax rate is 30%. In the consolidation worksheet at the acquisition date, relating to Green Waters Limited, the group will recognize a: O goodwill of $110 000. O gain on bargain purchase of $90 000. O goodwill of $10 000. O goodwill of $50 000. none of the other options.