AB Plc acquired 80% of shares in CD Plc when the reserves of CD Plc stood at K240,000 During the year ended 30 June 20X7 CD Plc sold goods to AB Plc for K800,000, at a profit margin of 25%. As at 30 June 20X7 K180,000 of these goods remained unsold in the inventory of AB Plc. AB Plcs accounts payable include amounts owing to CD Plc of K90,000 The following show the summarized Financial Statements of the two entities. AB PlcCD Plc K000 K000 Non current assets 12,000 8,000 Current assets 11,000 9,000 Investments 8,000 31,00017,000 Share capital 12,800 10,000 Accumulated profit 15,000 2,000 Current liabilities3,2005,000 1,00017,000 Required: Compute the following Goodwill Consolidated Reserves Non-Controlling Interest Prepare the consolidated balance as at 30th June 20X7. 14 Marks Part B IAS 36 Impairment of assets describes the allocation of impairment loss of a cash generating unit among other matters relating to impairment of assets. Required: Define a cash generating unit and describe how impairment loss of a cash generating unit should be allocated. 6 Marks Total (20 Marks)