Acquisition method: Consideration Transferred is less than

Net Asset Fair Values

BigNet Company’s Financial Records-December 31

Current Assets 300,000
Computers & Equip 600,000
Capitalised Software 1,200,000
Customer Contracts 700,000
Net Payable 250,000
Comm. Stock** 200,000
Addi. Piad in Capital 1,800,000
Gains on Bargain 550,000
Purchase
** (20,000 shares issued by BigNet at $10 par value)