3 1 point On July 1, 2019, Cali Ltd acquired 70% of the share capital of Subsidiary Ltd for $900 000. At the date of acquisition, the total shareholders' equity in Subsidiary Ltd was made up as follows: $450 000 Share capital Retained earnings General Reserve $250 000 $100 000 $800 000 At the date of acquisition, all the identifiable assets and liabilities of Subsidiary Ltd were recorded at amounts equal to fair value except for land. The carrying amount for land in the financial records of Small Ltd was $6 000. The fair value of land was $12 000. The fair value of the NCI on acquisition date is $250 000. The full goodwill method is adopted in this case. Required What is the amount of Goodwill allocated to Cali Ltd on acquisition date? (Please provide a numerical value without a sign ($,+ or -) punctuation, or space.) Tyne your answer Question 5 The sector allocation of two funds and their benchmark was obtained on the 1st of July and are as follows: Sectors Benchmark Fund 1 Fund 2 Financials 49% 49% 45% Consumer cyclicals 35% 30% 15% Consumer non-cyclicals 16% 21% 40% Total 100% 100% 100% Based on the above asset allocation and assuming that these asset allocations are established for the next 3 months, please answer the following questions: a) Explain: (i) if the funds in the table above (Fund 1 and Fund 2) are managed actively or passively. (ii) Now explain which fund will have higher Tracking Error. b) Explain which fund is optimistic regarding the economy (expects the economy to improve)