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Goodwill/ bargain purchase problem

On 4/1/06, P gave $520,000 in exchange for 100% of the outstanding common stock of S. On 4/1/06, S had 50,000 outstanding shares of common stock w/ a book value of $9 per share. The current value of S's property, plant, & equip on 4/1/06 was $110,000 more than its book value of $300,000.

a. Calculate the amount of goodwill or bargain purchase element existing in the transaction.
b. Determine amount at which the property, plant, & equipment will be reported in consolidation.

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