please i need the answer of this question urgently!

loeland Bhd has the following investments i. Investment in Airland Bhd Iceland Bhd acquired 350 million equity shares in Airland Bhed on 1 October 2016 when Airland Bhd's retained profit was RM150 million. The acquisition was paid with a cash consideration of RM300 million and an issue of Iceland Bod's own ordinary shares of 50 million. The market value of ordinary shares in Iceland Bhd on October 2016 was RM5 per share. The paid up share capital of Airland Bhd was RM500 million ordinary shares with fair value of RM cach and retained profit was at RM150 million. On 1 October 2016, all assets were valued at their carrying amounts except for an item of intangible asset. The intangible asset had a fair value of RM 10 million more than its carrying amount. The intangible asset had an indefinite useful life. ii. Investment in Skyland Bhd Iceland Bhd acquired 30% of the 380 million ordinary shares in Skyland Bhd at RMI each on April 2018. Iceland Bhd paid RM395 million in cash for the acquisition. All assets and liabilities of Skyland Bhd were valued at their carrying amounts on the acquisition date. The statements of profit or loss for the year ended 30 June 2019 of Iceland Bhd. Airland Bhd and Skyland Bhd are as follows: 850 Statements of Profit or Less for the year ended 30 June 2019 Iceland Airland Skyland RM million RM million RM million Revenue 700 Cost of sales (300) (360) (230) Gross profit 550 340 220 Operating expenses (145) (150) (100) Rental income 15 Gain on disposal of machinery 10 Profit before taxation 440 205 135 Taxation (80) (40) (30) Profit after taxation 360 165 105 Other comprehensive income Revaluation surplus 50 10 Total comprehensive income 410 205 115 25 15 Ordinary dividend Retained profit bf 36 150 215 110 year Relevant information to the group is a follows i Airland Bild had acquired a machinery from Iceland Ishd on July 2018 for RM15 million. Its remaining useful life on that date was 5 years. Iceland Bhd had recognised RM10 million gains on this disposal. ii. In August 2019, Airland Bhd sold inventories to Iceland Bhd for RM60 million. These inventories were sold at a margin of 25%. Two-third of these inventories had been sold during the is. Goodwill on the acquisition of Airland Blad was found to be impaired by 20% during the year iv. The group's policy was to value non-controlling interests at a proportion of the fair value of the net assets of the subsidiary at the acquisition date. Profits were deemed to accrue evenly throughout the year. Required: (a) Compute the goodwill on acquisition of Airland Bhd and Skyland Bhd. (5 marks) (CLO2:PLO6:04) (b) Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2019. loeland Bhd has the following investments i. Investment in Airland Bhd Iceland Bhd acquired 350 million equity shares in Airland Bhed on 1 October 2016 when Airland Bhd's retained profit was RM150 million. The acquisition was paid with a cash consideration of RM300 million and an issue of Iceland Bod's own ordinary shares of 50 million. The market value of ordinary shares in Iceland Bhd on October 2016 was RM5 per share. The paid up share capital of Airland Bhd was RM500 million ordinary shares with fair value of RM cach and retained profit was at RM150 million. On 1 October 2016, all assets were valued at their carrying amounts except for an item of intangible asset. The intangible asset had a fair value of RM 10 million more than its carrying amount. The intangible asset had an indefinite useful life. ii. Investment in Skyland Bhd Iceland Bhd acquired 30% of the 380 million ordinary shares in Skyland Bhd at RMI each on April 2018. Iceland Bhd paid RM395 million in cash for the acquisition. All assets and liabilities of Skyland Bhd were valued at their carrying amounts on the acquisition date. The statements of profit or loss for the year ended 30 June 2019 of Iceland Bhd. Airland Bhd and Skyland Bhd are as follows: 850 Statements of Profit or Less for the year ended 30 June 2019 Iceland Airland Skyland RM million RM million RM million Revenue 700 Cost of sales (300) (360) (230) Gross profit 550 340 220 Operating expenses (145) (150) (100) Rental income 15 Gain on disposal of machinery 10 Profit before taxation 440 205 135 Taxation (80) (40) (30) Profit after taxation 360 165 105 Other comprehensive income Revaluation surplus 50 10 Total comprehensive income 410 205 115 25 15 Ordinary dividend Retained profit bf 36 150 215 110 year Relevant information to the group is a follows i Airland Bild had acquired a machinery from Iceland Ishd on July 2018 for RM15 million. Its remaining useful life on that date was 5 years. Iceland Bhd had recognised RM10 million gains on this disposal. ii. In August 2019, Airland Bhd sold inventories to Iceland Bhd for RM60 million. These inventories were sold at a margin of 25%. Two-third of these inventories had been sold during the is. Goodwill on the acquisition of Airland Blad was found to be impaired by 20% during the year iv. The group's policy was to value non-controlling interests at a proportion of the fair value of the net assets of the subsidiary at the acquisition date. Profits were deemed to accrue evenly throughout the year. Required: (a) Compute the goodwill on acquisition of Airland Bhd and Skyland Bhd. (5 marks) (CLO2:PLO6:04) (b) Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2019