P Co. acquired 80% of the 300,000$1 equity shares of S Co. on 1 April 2021 when the retained earnings of S were $150,000. Consideration comprised X1 by cash, and X2 payable on 31 March 2022. The book values of S's net assets at acquisition date were equal to their fair values except a loan which had a book value of $400,000 and a fair value of $500,000. P measures non-controlling interest at fair value, based on share price. The market value of S's shares on 1 April 2021 was $1.5. P has a cost on capital of 10%. Required: 1/Provide relevant X1, X2 so that the goodwill at the acquisition date is positive. 2/Calculate the goodwill arising on acquisition. P Co. acquired 80% of the 300,000$1 equity shares of S Co. on 1 April 2021 when the retained earnings of S were $150,000. Consideration comprised X1 by cash, and X2 payable on 31 March 2022. The book values of S's net assets at acquisition date were equal to their fair values except a loan which had a book value of $400,000 and a fair value of $500,000. P measures non-controlling interest at fair value, based on share price. The market value of S's shares on 1 April 2021 was $1.5. P has a cost on capital of 10%. Required: 1/Provide relevant X1, X2 so that the goodwill at the acquisition date is positive. 2/Calculate the goodwill arising on acquisition