Fineos Corporation Holdings acquired 100% of the share capital of Dubber Corporation Limited for $235,000. Dubber Corporation had total shareholders equity of $200,000. The book values of Dubber Corporation Limiteds assets were: buildings $150,000 and machinery $80,000. The fair values of these assets were: buildings $180,000 and machinery $90,000. Also, Dubber Corporation Limited has previously recorded an internally generated trademark with a fair value of $40,000 and a contingent liability related to a warranty with a fair value of $10,000. The tax rate is 30%.

Required:

Identify if the acquisition analysis will determine goodwill or a gain on bargain purchase. Show all workings.