Please can someone solve this with solution for me to understand well... Thanks in advance! 1. AAA Co. acquired 80% controlling interest in Peaceful for $1.2M. Peaceful identifiable assets and liabilities have fair value of $3.3M and $1.7M, respectively. Included in Peaceful's assets is a press web machine with fair value of $900,000 which AAA Co. intends to sell immediately. The machines qualifies for classification as 'held for sale'. The cost to sell are $150,000. AAA Co. opts to measure the non-controlling interest at fair value. How much is the goodwill?(Assume the fair value of the NCI is equal to the grossed-up value of the consideration transferred multiplied by the NCI percentage.) 2. CCC Co. acquires 100% controlling interest in Wood Co. by issuing 2,000 shares with par value per share of $100 and fair value per share of $500. CCC Co. incurs stock issuance costs of $10 per share. On acquisition date, Wood Co.'s identifiable assets and liabilities have fair values of $2.8M and $1.6M, respectively. CCC Co. incurred $40,000 in hiring an independent appraiser to value Wood's assets and liabilities. After the combination, CCC intends to eliminate some of Wood's activities. The estimated costs are $20,000. In addition, CCC Co. expects to incur losses of $80,000 during the first year after the business combination. How much is the goodwill (gain on bargain purchase)?