Non-current assets Land Building Plant and machinery Research and development Investment in Better Bhd. Total non-current assets Current assets Inventories Bank Trade receivables Total current assets Total assets Equity Ordinary shares Revaluation reserve General reserve Retained profit Total equity Current liability Trade payables Total current liabilities Total equity and liabilities Bhd. RM 4,400,000 3,100,000 1,750,000 5,200,000 14,450,000 886,200 3,200,000 880,000 4,966,200 19,416,200 5,780,000 1,810,000 285,000 8,140,920 16,015,920 3,400,280 3,400,280 19,416,200 Bhd. RM 2,900,000 1,100,000 600,000 3,200,000 380,000 1,600,000 114,500 2,094,500 5,294,500 2,500,000 60,000 290,000 1,060,000 3,910,000 1,384,500 1,384,500 5,294,500 Additional information: (1) 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. (v) The fair value of land on 31 December 2018 is RM4,100,000 and fair value of building is RM2,500,000. (vi) The fair value of building on 31 December 2020 is RM2,800,000. (vii) The fair value of subsidiary on 1 January 2017 is RM3,500,000. (viii) On 31 December 2021, goodwill was impaired by 25%. 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)