data:P share on S $25\%$underestimated inventory difference at aquesition, $70\%$ sold in year $118000$ overestimated equipment difference at aquesition, $4$ years remaining life $11000$ underestimated note payable difference at aquesition, $2$ years to maturity $2000$S book value net assets at aquesition $300000$ cost of our shares in S $($depend on our percentage$)$ at aquesition $75900$S dividends declared and paid in year $1$ to all stockholders $27000$S net income in vear $140000$note: if goodwill exist no impairment in year $1$answer the following questions :$1.$ what is the fair value net assets of S at aquesition$2.$ what is the amount of goodwill if exist$3.$ what is the gain on bargain amount if exist$4.$ what is the adiusted net income of S for year $15.$ what is the balance of investment in S account end of vear $16.$ what is the amount of unamortized differences end of year $1$