BACP305/03 Company Accounting ICan I get fully answer ?

QUESTION 1 1. Given below are the statements of financial position of Golden and Bobo as at 31 December 2018 Golden Bobo RM'000 RM'000 Ordinary shares of RM 1 each 600,000 200,000 Retained profit 360,000 150,000 Liabilities 40.000 30,000 1,000,000 380,000 Non-current assets 585,000 300,000 Investment in 150,000 ordinary 325,000 Shares of Bobo at cost Current assets 90.000 80,000 1,000,000 380,000 Additional information: i. The issued share capital of Bobo consists of 200,000 ordinary shares. . Golden bought the ordinary shares in Bobo on 1 January 2018, when the balances in Bobo's accounts were: Retained profit 60,000 Required: a. Prepare the initial journal entries to recognise the goodwill, and b. Prepare the consolidated statement of financial position of Golden and its subsidiary as at 31 December 2018 on the basis that non-controlling interest is: . Measured at the fair value of the net assets of the subsidiary. Measured at its fair value of the non-controlling interest on 1 January 2018 was RM87,000