The statements of financial position of Parifar Co. and Sarifar Co. as at 30 June 2022 are given below: Non-current assets Property, plant & equipment Investments Current assets Inventory Receivables Cash Share capital Share Premium Retained earnings Non-current liabilities: 8% Loan notes Current liabilities Parifar Co. OMR 16,000 5000 21000 2500 3000 2,000 7500 28500 6000 6000 10500 22500 2000 Sarifar Co. OMR 9500 9500 3000 2000 5000 14500 5000 7500 12500 500 4000 28500 Parifar Co. acquired 70% shares of Sarifar Co. on 1st July 2021 when the retained earnings of Sarifar Co. was OMR 4,800. Parifar Co. paid OMR4,900 in cash. Parifar Co. also issued 2. OMRI share for every 5 shares acquired in Sarifar Co. and agreed to pay a further OMR 2,100 in 4 years' time. The market value of Parifar Co.'s shares on 1 July 2021 was OMR1.70. Parifar Co. has only recorded the cash paid in respect of the investment in Sarifar Co. Current interest rates are 5%. The Parifar Co. group uses the fair value method to value the non-controlling interest. At the date of acquisition, the fair value of the non-controlling interest was OMR 5500. 1500 14500 Determine the total fair value of the consideration transferred for an acquisition and calculate the goodwill. Explain the basis of your calculation and any assumptions made.