QUESTION 4 Zara Sdn Bhd agreed to take over all the assets of Zoro Sdn Bhd (except for bank) as of 1 April 2023. Below is the Statement of Financial Position of Zoro Sdn Bhd as at 31March2023 : The sale and purchase agreement between the two companies were as follows: 1. Purchase consideration to Zoro Sdn Bhd consists of: To ordinary shareholders: 3,600,000 ordinary shares in Zara Sdn Bhd, issued at RM1.00 each. Cheque of RM600,000 To preference shareholders: 1,200,0008% preference shares in Zara Sdn Bhd issued at RM1.00 each. 2. The liquidation expenses of Zoro Bhd amounting to RM10,000 are to be paid by Zara Sdn Bhd. 3. The assets are to be taken at the following fair value: 4. 10% of the trade receivables of Zoro Sdn Bhd is considered irrecoverable and is to be written off. Required: (a) Compute the purchase consideration and goodwill arising on the acquisition. (b) Prepare the following accounts in the books of Zoro Sdn Bhd: i. Realization Account ii. Bank Account iii. Sundry Members Account (c) Prepare the joumal entries in the books of Zara Sdn Bhd to record the acquisition of Zoro Sdn Bhd