On 1 January 2020, Cherry Bhd purchased all the voting shares of Maple Bhd for RM400,000 cash. Below are the Statement of Financial Position of the two companies immediately before the purchase. Note: Statement of Financial Position as at 1 Jan 2020 Cherry Bhd Total assets Total liabilities Share capital Retained earnings Maple Bhd RM RM 600.000 300.000 600.000 300.000 300,000 100,000 200,000 160,000 100.000 600.000 40.000 300.000 Asset of Maple Bhd are valued at RM400,000. REQUIRED: (a) Calculate the goodwill. (b) Prepare the journal entry to record the purchases. (4 marks) (2 marks) (c) Prepare the journal entry to eliminate the investment account. (4 marks) (d) Prepare the consolidation worksheet as at 1 January 2020. (6 marks) (e) Prepare the Consolidated Statement of Financial Position for Cherry Bhd. (4 marks)