The following are the statements of financial position of two companies at 31 October 2023, the end of their most recent financial years:

The following additional information is available:
1) On 1 November 2021 Multa plc purchased 90,000,000 ordinary shares in Tuli plc paying a total of £120,000,000. The reserves of Tuli plc on 1 November 2021 were £30,000,000. It was agreed that all the assets and liabilities of Tuli plc were reported in its financial statements at fair values as at 1 November 2021. Since then, the directors of Multa plc feel that the amount paid for as goodwill upon the acquisition has been impaired by £3,000,000.
2) During the year ended 31 October 2023 Multa plc sold inventory to Tuli plc for £25,000,000. Multa plc earned a uniform margin of 40% on these sales. During the year ended 31 October 2023 Tuli plc resold 80% of this inventory. On 31 October 2023 Tuli plc had unpaid invoices totalling £18,000,000 payable to Multa plc in respect of these purchases.
3) Each ordinary share in Tuli plc carries one vote and there are no other voting rights in the company. The company's preference shares (which are not redeemable) are correctly classified as equity in accordance with international standards.

Required:
(a) Calculate the amount paid as goodwill on the acquisition of Tuli plc on 1 November 2021.
(b) Prepare with full supportive workings the consolidated statement of financial position of Multa plc as at 31 October 2023.

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Assets Non-current assets Property, plant and equipment Investments, at cost Current assets Inventories Trade receivables Other current assets Cash and cash equivalents Total assets Multa ple £m 425 147 572 88 147 37 36 308 880 Tuli ple £m 288 13 301 73 106 22 15 216 517