2 Queston 28 Not yet answered Marked out of 1.00 Flag question For Question 24 to Question 30: Labu Bhd involves in plantation industry acquires 160,000 shares in Labi Bhd on 1 January 2018 with a price consideration of RM460,000. On 1 January, 2018, Labi Bhd's net assets are represented by share capital of RM200,000 (RM1 each) and retained profit of RM200,000. On this date, Labi Bhd's land, which was acquired in 2018, is deemed to have a fair value of RM340,000. The fair value of land remains at RM340,000 as at 31 December 2020 and 31 December 2021. The carry amount of this land stated in the Statement of Financial Position is RM200,000. On 1 January 2021, Labu Bhd acquires 20,000 of Labi Bhd's shares for cash consideration of RM80,000. The following is the partial Statement of Changes in Equity for the year ended on 31 December 2021: Statement of Changes in Equity (partial) for the year ended 31 December 2021 Labu Bhd Labi Bhd RM'000 RM'000 Beginning retained profits 800 600 Profit for the year 300 240- Ending retained profit 1,100 840 Referring to the above information: The consolidation adjustment for goodwill as recognized in the previous question is