Help me to answer this question please.

Provided below are the Statement of Financial Position of two companies known as Exceed Bhd and Better Bhd. as at 31 December 2021. Exceed Better Bhd. Bhd. RM RM Non-current assets Land 4,400,000 2,900,000 Building 3,100,000 1,100,000 Plant and machinery 1,750,000 600,000 Research and development Investment in Better Bhd. 5,200,000 Total non- current assets 14,450,000 3,200,000 Current assets Inventories 886,200 380,000 Bank 3,200,000 1,600,000 Trade receivables 880,000 114,500 Total current assets 4,966,200 2,094,500 Total assets 19,416,200 5,294,500 Equity Ordinary shares 5,780,000 2,500,000 Revaluation reserve 1,810,000 60,000 General reserve 285,000 290,000 Retained profit 8,140,920 1,060,000 Total equity 16,015,920 3,910,000 Current liability Trade payables 3,400,280 1,384,500 Total current liabilities 3,400,280 1,384,500 Total equity and liabilities 19,416,200 5,294,500 Additional information: (i) Exceed Bhd. acquired 780,000 units of the ordinary shares of Better Bhd. on 1 January 2017. (ii) The share capital of Better Bhd. consists of 1,000,000 ordinary shares. On 1 January 2017, Scan Bhd.'s general reserve was RM80,000 and retained profit was RM150,000. (iii) Information on subsidiary's asset fair value on 1 January 2017 were as provided below: (Note: subsidiary did not recognize fair value of its non-current assets). On 1 January 2017, the fair value of land were RM3,700,000 and the fair value of building were RM2,200,000. On acquisition date, the remaining life of the building is 35 years. In addition on acquisition date, brand in Better Bhd. were valued at RM600,000. The remaining life of the brand was 10 years. (iv) On acquisition date, parent discover that RM120,000 of the amount capitalized by subsidiary in research and development does not meet the capitalization criteria. The research and development amount has never been amortized before by subsidiary. Parents decided after the amount adjustment, the remaining amount should be amortized in year 2019 onwards with useful life 10 years. The fair value of land on 31 December 2018 is RM4,100,000 and fair value of building is RM2,500,000. The fair value of building on 31 December 2020 is RM2,800,000. The fair value of subsidiary on 1 January 2017 is RM3,500,000. On 31 December 2021, goodwill was impaired by 25%. 3 (vi) (vii) (viii) Required to: (a) Calculate the goodwill on consolidation. Full goodwill calculation will be applied. (5 marks) (b) Prepare the consolidation journal entries. (Note: Show all relevant workings) (22 marks) (c) Prepare the Extract of Consolidated Statement of Financial Position as at 31 December 2021 for non-current assets and equity item. (8 marks) Provided below are the Statement of Financial Position of two companies known as Exceed Bhd and Better Bhd. as at 31 December 2021. Exceed Better Bhd. Bhd. RM RM Non-current assets Land 4,400,000 2,900,000 Building 3,100,000 1,100,000 Plant and machinery 1,750,000 600,000 Research and development Investment in Better Bhd. 5,200,000 Total non- current assets 14,450,000 3,200,000 Current assets Inventories 886,200 380,000 Bank 3,200,000 1,600,000 Trade receivables 880,000 114,500 Total current assets 4,966,200 2,094,500 Total assets 19,416,200 5,294,500 Equity Ordinary shares 5,780,000 2,500,000 Revaluation reserve 1,810,000 60,000 General reserve 285,000 290,000 Retained profit 8,140,920 1,060,000 Total equity 16,015,920 3,910,000 Current liability Trade payables 3,400,280 1,384,500 Total current liabilities 3,400,280 1,384,500 Total equity and liabilities 19,416,200 5,294,500 Additional information: (i) Exceed Bhd. acquired 780,000 units of the ordinary shares of Better Bhd. on 1 January 2017. (ii) The share capital of Better Bhd. consists of 1,000,000 ordinary shares. On 1 January 2017, Scan Bhd.'s general reserve was RM80,000 and retained profit was RM150,000. (iii) Information on subsidiary's asset fair value on 1 January 2017 were as provided below: (Note: subsidiary did not recognize fair value of its non-current assets). On 1 January 2017, the fair value of land were RM3,700,000 and the fair value of building were RM2,200,000. On acquisition date, the remaining life of the building is 35 years. In addition on acquisition date, brand in Better Bhd. were valued at RM600,000. The remaining life of the brand was 10 years. (iv) On acquisition date, parent discover that RM120,000 of the amount capitalized by subsidiary in research and development does not meet the capitalization criteria. The research and development amount has never been amortized before by subsidiary. Parents decided after the amount adjustment, the remaining amount should be amortized in year 2019 onwards with useful life 10 years. The fair value of land on 31 December 2018 is RM4,100,000 and fair value of building is RM2,500,000. The fair value of building on 31 December 2020 is RM2,800,000. The fair value of subsidiary on 1 January 2017 is RM3,500,000. On 31 December 2021, goodwill was impaired by 25%. 3 (vi) (vii) (viii) Required to: (a) Calculate the goodwill on consolidation. Full goodwill calculation will be applied. (5 marks) (b) Prepare the consolidation journal entries. (Note: Show all relevant workings) (22 marks) (c) Prepare the Extract of Consolidated Statement of Financial Position as at 31 December 2021 for non-current assets and equity item. (8 marks)