This scenario related to question 1,2 and 3. On 1 January 2018, Bear Ltd purchased 100s of the shares of Panda Ltd for $180,000. At that date, the equity of Panda Ltd was as follows: inventory was sald by Panda Ltd in 2018. Tax rate is 30%. Q1. Compute goodwill/gain an bargain purchase. Select one: A. Goodwill $33,400 B. Gain on bargain purchase $32,200 C. Goodwill $32,200 D. Gain on bargain purchase $33,400 Select one: ) A. $35,000 B. $37,800 ) C. $33,400 ) D. $36,600 Q3. Assume the net profit reported by Bear Ltd and Panda Ltd as at Dec 31, 2018 were $80,000 and $10,000 respectively. Compute consolidated net income for the year ended Dec 31, 2018. Select one: A. $90,000 B. $88,320 C. $88,080 D. $80,000