Pradesh Co acquired 60% of Hyderabad Ca many years ago. Goodwill was calculated as $8m on the date of acquisition, with non-controlling interests being recognised at fair value. Goodwill was impaired, for the first time, to $4.8m in the year ended 30 November 20X4. A1 30 November 205, goodwill was valued by an expert at $6.4m. Identify the impact on consolidated retained earnings for each of the years ended 30 November 204 and 205. Pradesh Co acquired 60% of Hyderabad Ca many years ago. Goodwill was calculated as $8m on the date of acquisition, with non-controlling interests being recognised at fair value. Goodwill was impaired, for the first time, to $4.8m in the year ended 30 November 20X4. A1 30 November 205, goodwill was valued by an expert at $6.4m. Identify the impact on consolidated retained earnings for each of the years ended 30 November 204 and 205