PLEASE EXPLAIN IN DETAIL

2) On 1 April 2020 the fair value of Micro Solar Lid's property, plant and equipment was (150m higher than book value. This adjustment has not been reflected in the statement of financial position on the previous page. No further adjustments are necessary for depreciation during the year ended 31 March 2021 3) At 31 March 2021 Giant Energy PIc's inventory includes $50m relating to goods purchased from Micro Solar Ltd. These goods had cost Micro Solar Ltd $35m. Requirement for question 1(a) (0) Calculate goodwill arising on the acquisition of Micro Solar Ltd at 1 April 2020. (4 marks) (ii) Calculate consolidated retained earnings at 31 March 2021. (3 marks) (iii) Calculate the non-controlling interest at 31 March 2021. (3 marks) (iv) Prepare a consolidated statement of financial position for Giant Energy Plc at 31 March 2021. (6 marks)The following are the summarised statements of financial position for Giant Energy Pic and Micro Solar Ltd at 31 March 2021, the end of their most recent accounting years: Statements of financial position at 31 March 2021 Giant Micro Energy Solar Plc Ltd Non-current assets Em Em Property, plant and equipment 7,000 800 Investments - 160m ordinary shares in Micro Solar Ltd 600 - E100m E1 5% debentures in Micro Solar Ltd 100 Current assets Inventory 170 50 Receivables 180 50 Cash and cash equivalent 130 132 8,180 1032 Equity and reserves Ordinary $1 shares 2,000 200 Share premium account 2, 100 300 Retained earnings 3,080 240 Non-current liabilities 10% Debentures 600 195 Current liabilities Payables 250 90 Owed to Micro Solar Ltd 44 Bank overdraft 106 7 8,180 1032 The following information is also available: 1) On 1 April 2020 Giant Energy Pic acquired share capital in Micro Solar Ltd. At that date the retained earnings of Micro Solar Lid amounted to 680m. Each ordinary share in Micro Solar Ltd carries one vote and there are no voting rights other than those attached to the ordinary shares. Micro Solar Ltd has not issued any shares since its acquisition by Giant Energy Plc