how can we calculate goodwill

The following are the financial statements of Whitbread Ltd and its subsidiary Diageo Ltd as December 2015 Statement of Income for the year ended 31 December 2015 Whitbread Diageo 244,000136,000 (57,000) 79,000 Sales revenue Cost of sales Gross Profit Expenses Dividends received Profit before tax Tax expense Net profit Surplus on revaluation Total comprehensive income121,800 (92,000) 152,000 (43,000) 4,400 113,400 (31,000) NIL 48,000 (23,600)(7,600) 40,400 89,800 32,000 40,400 Statement of financial position as at 31 December 2015 Whitbread Diageo Non-current assets Property,plant and equipment Depreciation Investments Investment in Diageo Ltd Current assets: Inventory Trade receivables Current account-Diageo Ltd Bank 240,000 86,000 432,000 138,000 216,000 168,000 121,000 20,000 44,600 83,000 66,000 23,000 863,600 326,000 Equity and reserves Common shares of 1 each General reserve Revaluation reserve Retained earnings 380,000 148,000 89,000 32,000 181,000 682,000 41000960 73,400 262,400 Current liabilities Trade payables Taxation payable Current account- Whitbread Ltd 158,000 23,600 36,000 7,600 20,000 326,000 863,600 The following information is also available: in Diageo Ltd on 1 January 2013 when Diageo's 1. Whitbread Ltd acq retained earnings were 2. The fair value of the non-controlling interest at the date was 55,000. Non-controlling interes to be measured using Method 2 3. E32,000 was credited to the revaluation reserve. 4. During the year Diageo sold Whitbread goo goods were still in inventory at the end of the year. 5. Goodwill suffered an impairment loss of 30%. ured 80% of the shares 54,000 and the balance on Diageo's general reserves was 29,000. t is 1 December 2013 Whitbread revalued its non-current assets. The revaluation surplus of ds for 14,000 plus a mark-up of 30%, 40% of these Required: (a) Calculate the consolidated goodwill arising at the date of acquisition. (5 marks) (b) Prepare the consolidated Statement of Income for the year ended 31 December 2015. (10 marks) (c) Prepare the consolidated Statement of Financial Position as at 31 December 2015. (15 marks)