Cougar RM'000 Lynx RM"000 Given below are the financial statements of Leo Berhad group: Statements of financial position as at 31 December 2021: Leo RM'000 Investment in: Cougar ordinary shares 7,000 Lynx ordinary shares 1,200 Other investment 600 Non-current assets 12,500 Current assets 6,890 Total assets 28,190 7,400 3,770 11,170 2,200 1.650 3,850 6,500 2,100 Ordinary shares 5% Preference shares Revaluation reserve Retained earnings Liabilities Total equities and liabilities 10,000 1,000 900 4,160 12,130 28,190 200 1.880 2,590 11,170 70 540 1,140 3,850 Cougar RM1000 11,300 (5,700) (3,800) Lynx RM1000 8,100 (5,400) (1,990) Statements of profit & loss for year ended 31 December 2021: Leo RM'000 Turnover 15,000 Cost of sales (6,000) Expenses (3,200) Dividend income Cougar 156 Lynx 35 Other investment 300 Tax (1,500) Net profit for the year 4,791 Retained earnings b/ 169 Dividends paid at December 2021 Ordinary 500 Preference 300 200 (500) 1,500 640 100 (200) 610 35 260 105 Additional information: 1. Leo acquired 60% of the issued ordinary share capital of Cougar on 1 January 2020 when the retained profit of Cougar was RM0.5 million. Cougar has in issue 2 million units ordinary shares and 1 million units 5% preference shares. 2. Leo acquired 500,000 of the issued 1.5 million ordinary shares of Lynx on 1 April 2021. Lynx is an associate of Leonardo. All profits are deemed to accrue evenly throughout the year. Lynx paid dividends in December 2021. 3. During the current year, Cougar sold inventory costing RM900,000 for RM1,500,00 to Leo. One half of these goods remain unsold at the end of the year. The unrealised profit in the opening stock of Leonardo also bought from Cougar was RM225,000. 4. Leo sold inventory to Lynx at cost plus 25% with the invoice value of RM150,000. 60% of these inventories have not been sold. Required: (a) Determine the goodwill for Cougar and Lynx on acquisition date. (3 marks) (b) Prepare the group statement of financial position as at 31 December 2021. (10 marks) (c) Prepare the group statement of profit and loss for year ended 31 December 2021. (7 marks) Note: Show all relevant workings