Below are the summarised Statements of Financial Position of Pine Bhd, Coco Bhd and Bana Bhd as at 31 December 2021. Additional information: Pine Bhd bought 75% of the ordinary shares of Coco Bhd on 1 January 2021 . On the date of acquisition, the general reserve and retained profit of Coco Bhd were RM25 0n0 Additional information: 1. Pine Bhd bought 75% of the ordinary shares of Coco Bhd on 1 January 2021. On the date of acquisition, the general reserve and retained profit of Coco Bhd were RM25,000 and RM237,000 respectively. 2. On 1 July 2021 , Pine Bhd acquired 48% of the issued ordinary shares of Bana Bhd when the retained profit of Bana Bhd was RM125,000. The fair values of the net assets of Bana Bhd on 1 July 2021 were equal to their carrying values except for a building whose fair value was RM100,000 more than its carrying value. No adjustment was made in the books of Bana Bhd to reflect this value. The remaining life of the building was 40 years. On 2 July 2021, Pine Bhd signed an agreement with two other shareholders of Bana Bhd which gave it the ability to appoint and remove the directors of Bana Bhd. 3. Coco Bhd paid ordinary dividend for the year, and Pine Bhd had taken credit of this dividehrd. 4. On 1 August 2021, Pine Bhd sold a piece of freehold land to Coco Bhd at a profit of RM35,000. 5. RM100,000 of the long-term loan of Bana Bhd was obtained from Pine Bhd. Pine Bhd had included this amount as part of its bills receivable. 6. During the year ended 31 December 2021, Bana Bhd sold goods to Pine Bhd at a profit of RM6,000. By the year end, one-quarter of these goods had not been sold by Pine Bhd. In the trade receivable of Bana Bhd was RM8,000, which was the balance of the amount owed by Pine for goods purchased. On 31 December 2021 , Pine remitted the RM8,000 to Bana Bhd, but Bana Bhd only received the cash on 4 January 2022. 7. On 31 December 2021 , goodwill on consolidation of Coco Bhd was impaired by 8%. 8. The group depreciates all assets using straight line method on a yearly basis. 9. It is the group's policy to measure the non-controlling interest at its proportionate share of the fair value of the identifiable nets assets of the subsidiary. 10. Assume all profits accrue evenly throughout the year unless stated otherwise. Required: a) Discuss briefly the relationship between Pine Bhd and Bana Bhd. (5 marks) b) Compute goodwill or bargain purchase on business combination of Coco and Bana. (8 marks) c) Prepare the Consolidated Statement of Financial Position of Pine Bhd Group as at 31 December 2021. d) Determine the followings: (14 marks) i. Ghp's retained profit for the year ended 31 December 2021, and ii. Non-controlling interest as at 31 December 2021 (8 marks) Below are the summarised Statements of Financial Position of Pine Bhd, Coco Bhd and Bana Bhd as at 31 December 2021. Additional information: Pine Bhd bought 75% of the ordinary shares of Coco Bhd on 1 January 2021 . On the date of acquisition, the general reserve and retained profit of Coco Bhd were RM25 0n0 Additional information: 1. Pine Bhd bought 75% of the ordinary shares of Coco Bhd on 1 January 2021. On the date of acquisition, the general reserve and retained profit of Coco Bhd were RM25,000 and RM237,000 respectively. 2. On 1 July 2021 , Pine Bhd acquired 48% of the issued ordinary shares of Bana Bhd when the retained profit of Bana Bhd was RM125,000. The fair values of the net assets of Bana Bhd on 1 July 2021 were equal to their carrying values except for a building whose fair value was RM100,000 more than its carrying value. No adjustment was made in the books of Bana Bhd to reflect this value. The remaining life of the building was 40 years. On 2 July 2021, Pine Bhd signed an agreement with two other shareholders of Bana Bhd which gave it the ability to appoint and remove the directors of Bana Bhd. 3. Coco Bhd paid ordinary dividend for the year, and Pine Bhd had taken credit of this dividehrd. 4. On 1 August 2021, Pine Bhd sold a piece of freehold land to Coco Bhd at a profit of RM35,000. 5. RM100,000 of the long-term loan of Bana Bhd was obtained from Pine Bhd. Pine Bhd had included this amount as part of its bills receivable. 6. During the year ended 31 December 2021, Bana Bhd sold goods to Pine Bhd at a profit of RM6,000. By the year end, one-quarter of these goods had not been sold by Pine Bhd. In the trade receivable of Bana Bhd was RM8,000, which was the balance of the amount owed by Pine for goods purchased. On 31 December 2021 , Pine remitted the RM8,000 to Bana Bhd, but Bana Bhd only received the cash on 4 January 2022. 7. On 31 December 2021 , goodwill on consolidation of Coco Bhd was impaired by 8%. 8. The group depreciates all assets using straight line method on a yearly basis. 9. It is the group's policy to measure the non-controlling interest at its proportionate share of the fair value of the identifiable nets assets of the subsidiary. 10. Assume all profits accrue evenly throughout the year unless stated otherwise. Required: a) Discuss briefly the relationship between Pine Bhd and Bana Bhd. (5 marks) b) Compute goodwill or bargain purchase on business combination of Coco and Bana. (8 marks) c) Prepare the Consolidated Statement of Financial Position of Pine Bhd Group as at 31 December 2021. d) Determine the followings: (14 marks) i. Ghp's retained profit for the year ended 31 December 2021, and ii. Non-controlling interest as at 31 December 2021 (8 marks)