Faye Bhd holds 80% of 100,000,000 ordinary shares (issued at RM 1 each) of Khush Bhd. Kiut Bhd and Sweet Bhd, two other investors, each holds 10% of the remaining shares. On 1 April 2021, Faye Bhd disposed of 50% of its ownership interest in Khush Bhd to Apple Bhd for a cash consideration of RM106 million. A contractual agreement with Kiut Bhd and Sweet Bhd allows Faye Bhd to control 60% of the voting rights in Khush Bhd after the disposal. The retained profits and other components of equity of Khush Bhd on 1 July 2020 were RM90 million and RM59 million, respectively. Khush Bhd's profits for the year ended 30 June 2021 was RM28 million. As at 1 July 2020, there is an increase in the fair value of a non-depreciable asset of Khush Bhd by RM5.2 million. This surplus has not been incorporated in Khush Bhd's account as at disposal date. The carrying value of the goodwill on consolidation of Khush Bhd was RM13 million on 1 July 2020 and there was no further impairment. The fair value of ordinary shares of Khush Bhd on that date was RM2.60 each. Faye Bhd is in the midst of preparing its consolidated financial statement for the year ended 30 June 2021. After the disposal, it is unsure of its relationship with Khush Bhd and has asked you for some professional advice. Required: i) Advise Faye Bhd as to whether under MFRS 10 Consolidated Financial Statements, the parent-subsidiary relationship exists between Faye Bhd and Khush Bhd after disposing of 50% of its ownership interest in Khush Bhd. Support your conclusion. (5 marks) ii) Based on your conclusion in (a) above, explain the accounting treatment for the non- controlling interest in the consolidated financial statements. (5 marks) iii) Compute the gain or loss on the disposal of shares in Khush Bhd to be disclosed by the group.