2. On 1/1/2020, Choco invested $20,000 on Cookie (VIE) and establish itself as the primary beneficiary. After Chocos investment, Cookie publish following financial information, which assess their fair values:

Cash	$20,000
Machine	18,000
Equipment	60,000
Long-term liabilities	38,000
NCI	60,000

Calculate acquisition date fair value of Cake (VIE)

Calculate fair value of Cakes net identifiable net assets

Determine and specify whether there was gain on bargain purchase or goodwill and how much