King Berhad acquired 70% equity shares of Queen Berhad as on 31st May 2020 at a cost of RM700,000. The following information is available from statement of financial position of Queen Berhad as on 31st May 2020.

Accounts	RM000
Non current assets	1,200
Investments	550
Current assets	700
10% debentures	900
Current liabilities	500

The following revaluations have been agreed upon (not included in the above figures):

Non current assets	Up by 20%
Investments	Down by 10%

Queen Berhad declared and paid dividend at 20% on its equity shares as on 31st May 2020. King Berhad purchased the shares at RM2 per unit. Required:- Compute the amount of goodwill / bargain purchase attributable to the acquisition of shares in Queen Berhad.

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