On 1 July 2018, Cable TV Ltd offered $24,000,000 to TV Commercial Ltd's existing shareholders for 1,500,000 ordinary shares. The total shares of TV Commercial Ltd issued were 2,000,000. The offer was composed of $19,000,000 cash and Cable TV Ltd's shares of 2,500,000. In view of the fact that TV Commercial Ltd started to bargain the broadcasting right in China, Cable TV Ltd will be required to pay another $3,500,000 by cash to TV Commercial Ltd if the broadcasting right is successful within 2 years after the acquisition. As of 31 December 2018, the year-end date of Cable TV Ltd, the broadcasting right was still pending. It is believed that the chance of success was remote. The fair values of the non-controlling interest and net assets as at 1 July 2018 were $8,200,000 and $28,700,000 respectively. (ignore time value of money) Required: (a) Compute the consideration transferred (cost of acquisition) (2 marks) (b) Compute the goodwill of TV Commercial Ltd with the analysis of goodwill for parent and non-controlling interest (4 marks) (c) Based on the fact that the broadcasting right was NOT granted in 2019, discuss the accounting treatment for the contingent payment for 2019. (2 marks)