Pop Ltd acquired 112000 ordinary shares in Corn Ltd on 31 December 2020. The following represent the abridged statements of financial position of the two companies on that date: 34 BACHELOR OF COMMERCE IN ACCOUNTING YEAR 2 - ACADEMIC AND ASSESSMENT CALENDAR (RICH DISTANCE) Additional information Pop Ltd acquired 112000 shares at the date of acquisition in Corn Ltd. Required: 1. Prepare the pro-forma consolidation journal entries for the year ended 31 December 2020. (20) 2. Prepare the consolidated statement of financial position of the Pop Ltd group as at 31 December 2020. (15) 3. Calculate the amount of goodwill/gain from bargain purchase if the consideration paid for the acquisition of Corn Ltd was R78 000. (7) 4. Calculate the amount of goodwill/gain from bargain purchase to be disclosed in the consolidated statement of financial position of the Pop Ltd group as at 31 December 2020. On 31 December 2020, Corn Ltd.'s shares were trading at a market value of 85c per share. (7) +1 Communication mark