Question 2 a. Explain piecemeal acquisition. (3 marks) b. The issued share capital of Jaya Berhad consists of RM1,000,000 for 1,000,000 ordinary shares. Maju Berhad made the following purchases of shares in Jaya Berhad: Date No.of shares Cost of shares Balance of Jaya's Balance of Jaya's general acquired retained reserves profits RM'000 RM'000 RM'000 1.1.2019 100,000 160 200 200 1.1.2020 200,000 360 400 200 1.1.2021 150,000 380 600 400 1.7.2021 150,000 395 700 400 31.12.2021 800 400 Total 600,000 1,295 Required: Using the step-by-step basis of treating piecemeal acquisition method, calculate: i. The goodwill arising on consolidation that will appear in the 2020 accounts. (4 marks) ii. Pre-acquisition and post-acquisition reserves for the group. (8 marks)