more info?! what you mean?there is no more info ,this is all question.

EXERCISE 1 Below are the statements of financial position of H Ltd and S Ltd as at 31 December 2010: 1. H Ltd bought 80% shares in S Ltd in 2010 2. H Ltd's accounts show $6,000 owing to S Ltd; S Ltd's accounts show $8,000 owed by HLtd. The difference is explained as cash in transit. 3. S L.td transferred goods to H Ltd at a transfer price of $18,000 at a mark-up of 50%. Two-thirds remained in inventory at the year end. 4. H Lid transfers an item of plant to its subsidiary (S Ltd) for S6,000 at the start of 2010. The plant originally cost of $10,000 and had an original useful economic life of 5 years when purchased 3 years ago. The useful economic life of the asset has not changed as a result of the transfer. Required: 1. Calculate the goodwill based on the given information. 2. Calculate the unrealized profit on the transaction at the end of the year of transfer (2010) 3. Prepare elimination entry(ies) based on the given information EXERCISE 1 Below are the statements of financial position of H Ltd and S Ltd as at 31 December 2010: 1. H Ltd bought 80% shares in S Ltd in 2010 2. H Ltd's accounts show $6,000 owing to S Ltd; S Ltd's accounts show $8,000 owed by H Ltd. The difference is explained as cash in transit. 3. S Ltd transferred goods to H Ltd at a transfer price of $18,000 at a mark-up of 50%. Two-thirds remained in inventory at the year end. 4. H Ltd transfers an item of plant to its subsidiary (S Ltd) for S6,000 at the start of 2010. The plant originally cost of $10,000 and had an original useful economic life of 5 years when purchased 3 years ago. The useful economic life of the asset has not changed as a result of the transfer. Required: 1. Calculate the goodwill based on the given information. 2. Calculate the unrealized profit on the transaction at the end of the year of transfer (2010) 3. Prepare elimination entry(ies) based on the given information