PLEASE EXPLAIN THE ANSWER STEP BY STEP. THANK U.

Dorel Company is being purchased and has the following balance sheet as of the purchase date: Current assets Fixed assets Total $200,000 180,000 $380.000 Liabilities Equity Total $ 90,000 290,000 $380,000 Amanda Co. paid for 45% of Dorel's net assets is $500,000. The fixed assets have a fair value of $220,000, and the liabilities have a fair value of $110,000. The amount of goodwill or gain to be recorded in the purchase is