On $1$ October $20$X$8$ Pacemaker acquired $30$ million of Vardines $100$ million shares in exchange for $75$

million of its own shares. The stock market value of Pacemaker's shares at the date of this share

exchange was $$1\mathrm{.}60$ each.

Vardines profit is subject to seasonal variation. Its profit for the year ended $31$ March $20$X$9$ was

$$100$ million. $$20$ million of this profit was made from $1$ April $20$X$8$ to $30$ September $20$X$8.$

Pacemaker has one subsidiary Angelic and no other investments apart from Vardine.

Pacemaker acquired $60\%$ of the $2,000,000$ $$1$ shares of Angelic on $1$ Sep $20$X$8$ at a purchase

consideration consisting of

a$)$ Cash $ $2$ per share of Angelic

b$)3$ shares of Pacemaker for every $5$ shares in Angelic

On the date of acquisition the balance in Angelic$$s Retained earnings was $$800,000$ and that of

Revaluation Surplus stood at $$250,000.$ The market price of Angelic$$s shares just before the

acquisition stood at $$1\mathrm{.}03.$

What amount will be shown as investment in associate and $$Goodwill$$ in the consolidated

statement of financial position of Pacemaker as at $31$ March $20$X$9?$