The trial balance for the Dark Night Company is presented below: (Click the icon to view the trial balance.) Assume that MEG, Inc. offers to acquire Dark Night at a purchase price of $622,000. A study of Dark Night's assets revealed that the inventory had a fair market value of $178,000 and the plant assets were undervalued by $56,000. Read the requirements. Requirement a. Given this set of assumptions, calculate the amount of goodwill or bargain purchase gain to be recorded on the acquisition. Less: Description Debit Credit Cash 29,000 98,000 Inventory Property, plant, and equipment, net 320,000 Current liabilities 46,000 Common stock - no par 185,000 216,000 Retained earnings $ 447,000 $ 447,000 Totals