On January 1, 20x1, Sit Co. acquired 75% controlling interest in Stand Co. for $1,000,0000. On this date, the fair value of Stand's net identifiable assets is $800,000. Sit Co. incurred transaction costs of $100,000 on the acquisition.

a. How much is the goodwill if Sit Co. uses the full PFRSs and Sit opts to measure NCI using proportionate share method?

b. How much is the goodwill if Sit Co. uses the PFRS for SMEs?