On 1 July 2022, according to its expansion plans, our client Yuki Ltd acquired for cash the 90% of the issued share capital of Cindy Ltd for an amount of $600,000.

On the date of the acquisition, the assets and liabilities of Cindy Ltd are as follows:

Carrying amount ($)	Fair value ($)
Cash	20 000	20 000
Accounts receivable	75 000	75 000
Inventory	143 000	150 000
Land	300 000	600 000
Plant	150 000	225 000
Loans	(375 000)	(375 000)
Accounts payable	(30 000)	(30 000)

Cindy had an internally generated brand name whose fair value is estimated being $60,000. Cindy also own 25000 shares at $1.5 per share in Trade Ltd.

Can you please help me determine if any goodwill or gain on bargain of purchase arise from the business combination and calculate its amount?

Determine if any goodwill or gain on bargain of purchase arise from the business combination and calculate its amount.