Bangbang Bhd decides to amalgamate with Omino Bhd. The new company, Bangbang Bhd is to be formed and take over all the assets and liabilities of the companies. The financial position of Bangbang Bhd and Omino Bhd on 31.12.2022 was as follows: Ordinary shares capital 6% Preference shares capital Retained profit Current Liabilities Trade Payables Non Current Assets Land and building Plant and machinery Equipment Current Assets Inventories Trade Receivable Bank RM 300,000 Land and Building Plant and Machinery Goodwill 50,000 80,000 430,000 240,000 50,000 20,000 80,000 30,000 10,000 430,000 In the amalgamation, both companies agreed on the following: 1. The non-current assets are to be revalued as follows: Bangbang Bhd RM 340,000 70,000 10,000 RM 200,000 100,000 70,000 60,000 430,000 REQUIRED: a) Calculate the purchase consideration payable by Bangbang Bhd. b) Realisation Accounts of Bangbang Bhd dan Omino Bhd. c) Sundry Members Account of Bangbang Bhd dan Omino Bhd d) Statement of Financial Position of Bangbang Bhd. 250,000 60,000 10,000 60,000 40,000 10,000 430,000 Omino Bhd RM 280,000 40,000 10,000 2. The current assets are to be taken over at their carrying value. 3. A total of 120,000 6% preference shares of RM1 each to be issued at par by Bangbang Bhd to discharge the preference shareholders of Omino Bhd. 4. Omino Bhd will issue sufficient amount of ordinary shares of RMI to satisfy the purchase consideration of Bangbang Bhd and Omino Bhd. 5. Realisation expenses each amounting of RM2,000, to be paid by Bangbang Bhd & Omino Bhd. 6. The cost of incorporating amounted RM10,000, to be paid by Bangbang Bhd. 7. Bangbang Bhd. issued 100,000 ordinary shares to public at a price of RM1.50 each unit. (4marks) (5marks) (5marks) (11marks)