F Ltd sold all of its non-current assets and liabilities to S Ltd on 1 July 2021. The Balance sheet of F Ltd at the date of acquisition was as follows:

Item	Carrying amount
Current assets:
Cash	$85,000
Non-current assets:
Land & Buildings	$250,000
Plant & Machinery	$ 80,000
Goodwill	$ 35,000
Total Assets	$450,000
Non-current liabilities:
Mortgage	$200,000
Total Liabilities	$200,000
Net Assets	$250,000
Equity:
Share capital	$150,000
Retained earnings	$100,000
Total equity	$250,000

The Plant & Machinery had a cost of $128,000 and accumulated depreciation of $48,000. The fair value of the Plant & Machinery was $91,000. All other assets are shown at fair value. The acquisition was satisfied by the issue of 10,000 ordinary shares (fully paid) in S Ltd. Assume the identifiable assets and liabilities acquired constituted a business. The share price at various dates as listed on the ASX for Salad Ltd is shown in the table below:

Date	Share price (per share)
On issue	$10
30 June 2021	$11.50
1 July 2021	$12.50
30 June 2022	$11.75
Average for 2021 year	$13

Required:

Do a detailed acquisition analysis in good format showing the calculation of the goodwill /gain on bargain purchase, show your workings.