a$.$ Determine whether there is a gain on bargain purchase or goodwill if $$678,000$ of cash was paid for Soriano.

Cash paid $$678,000$

Contingent performance liability $$36,400$

Total consideration transferred $$714,400$

Fair value of net assets

Gain on bargain purchase

b$.$ Determine whether there is a gain on bargain purchase or goodwill if $$798,100$ of cash was paid for Soriano.

Cash paid $$798,100$

Contingent performance liability

Total consideration transferred

Fair value of net assets

Goodwill