Medium Practical (2) (1) 0:54:18 On I July 2023 Pepper Ltd acquired all assets and assumed all libbilities (except for the bank loan) of Salt Ltd. On this date all assets and liablities of Salt Lt were at fair value; Accounts receivable (net) $32,000, Inventory $39,000, Equipment $190,000, Accounts payable $23,000, Provision for employee benofits $35,000, and Bank toan $90,000. In exchange it was agreed that Pepper Ltd would transfer the following: - Sutlicient cosh to enable Salt Ltd to pay its outstanding liabilities, including liquidation costs of $17,000. - Three (3) shares in Pepper Ltd for every four (4) shares held in Salt Ltd. The share capital of Salt Ltd revealed a balance of $95,000 (shares issued at \$1.25). The fair value of each Pepper Ltd share was $2.50 on I July 2023. After comparing the total of "Fair Value of Identifiable Net Assets" acquired and the total of "Consideration transferred", Pepper Lte should recognise. Stelectiona a. Goochwill $46,500 b. Gain on Bargain Purchase $69,500 c. Gain on Bargain Purchase $46,500 a. Goodwill $104,500