On Dec 31, 2019, Ahmed Ali issued $200,000 in debt and 20,000 new shares of its $10 par value stock to Rasha Incorporation owners in exchange for all of the outstanding shares of that company. Ahmed Ali shares had a fair value of $30 per share. Prior to the combination, the financial statements for Ahmed Ali & Rasha for ending Dec 31, 2019 were as follows:

	Rasha	Ahmed Ali
Revenue	900,000	300,000
Expenses	-660,000	-200,000
Net income	240,000	100,000
Retained earnings (opening)	300,000	140,000
Net income	240,000	100,000
Dividends paid	-90,000	0
Retained earnings (closing)	450,000	240,000
Cash	20,000	40,000
Receivables	400,000	200,000
Patented technology	900,000	450,000
Equipment	750,000	600,000
Total assets	2,070,000	1,290,000
Liabilities	1,000,000	500,000
Common stock	350,000	250,000
Additional paid in capital	270,000	300,000
Retained earnings	450,000	240,000
Total liabilities & equity	2,070,000	1,290,000

Ahmed Ali also paid $10,000 to a broker for arranging the transaction. In addition, Ahmed Ali paid $25,000 in stock issuance costs. Rasha Incorporation equipment was worth $820,000 and its patented technology was valued at only $920,000.

Complete the following tasks:

a. Pass journal entry of the investment in the books of Ahmed Ali?

b. Pass journal entry of the brokerage and stock issue cost in the books of Ahmed Ali

c. Calculate the Goodwill or Barging Gain?