On 1 August 2015 Brewer Ltd paid £1.50 per share to acquire 40,000 of the £1 ordinary shares of Cooper Ltd. At this date, the share capital and reserves of Cooper Ltd were:
fs £1 ordinary share capital 50,000 Retained earnings 16,250 Total 66,250 The statements of financial position for each company at 31 July 2016 were as follows:

Following an impairment review on 31 July 2016, it was found that the goodwill arising on the business combination with Cooper Ltd had suffered an impairment loss of 50%.
Required

(a) Calculate the goodwill that will be paid by Brewer Ltd on the acquisition of Cooper Ltd.

(b) Prepare the consolidated statement of financial position for Brewer Ltd at 31 July 2016.

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ASSETS Non-current assets Brewer Ltd Cooper Ltd Property, plant and equipment 150,000 82.000 Investment in Cooper Ltd 60,000 210,000 Current assets 195,000 92,250 Total assets 405,000 174,250 EQUITY AND LIABILITIES Equity Ordinary share capital 250,000 50,000 Retained earnings 32,000 36,250 Revaluation reserve 10,000 282,000 96,250 Current liabilities 123,000 78,000 Total equity and liabilities 405,000 174,250