Sweet acquired all the outstanding ordinary shares of an acquiree by paying P10,000,000 cash. The carrying amount and fair value of the assets and liabilities of the acquiree were: Accounts receivable Inventory Property, Plant and Equipment Accounts payable Determine the result of the acquisition Select the correct response Goodwill of P4,000,000 Goodwill of P1,500,000 Gain on bargain purchase of 1,500,000 Gain on bargain purchase of 4,000,000 1,800,000 2,000,000 3,700,000 5,000,000 8,000,000 11,000,000 7,500,000 6,500,000