On $1$ July $2022.$ Ying Limited acquired for cash all the issued share capital of Yang Limited for an amount of $$150000.$ On the date of the acquisition, the assets, liabilities and contingent liabilities of Yang Limited are as follows:

Carrying amount $($$$)$

$15000$

$680008$

$112\mathrm{.}01$

$36$: $100$

$220000$

$(170000)$

$(58000)$

Fair value

$($S$)$

$15000$

$68000$

$240000$

$120000$

$420000$

$(170000)$

$(58000)$

$(46000)$

Cash

Accounts receivable

Inventory

Land

Plant

Loans payable

Accounts payable

Contingent liabilities

REQUIRED

Calculate the Gain Bargain Purchase on acquisition. Ignore any deferred tax considerations.