1. Globe Corporation purchased the net assets of Loctus Company for RM300,000 on 31 December 2020. The following are the Statement of Financial Position of Loctus Company just prior to acquisition. Cost (RM) Fair Market Value (RM) Account Assets Cash Accounts Receivable Inventories Equipment Total 15,000 10,000 50,000 80,000 155,000 15,000 10,000 70,000 130,000 225,000 25,000 Liabilities and Equities Accounts Payable Common Stock Retained Earnings Total 25,000 100,000 30,000 155,000 25,000 Required: a. Calculate the goodwill arise after Globe Corporation acquired Loctus Company