A$.$ Fafa Ltd acquired three million $(3,000,000)$ of the four million $(4,000,000)$ GH $1$ equity shares of Blewu Ltd on $1$ January $2019.$ On the date of acquisition, the retained earnings of Blewu Ltd were $GH!in2,500,000.$ The purchase consideration comprised:

Immediate cash payment of GH$1,500,000$

Cash $$f GHc$882,000$ payable two years after acquisition

GH $100,000$ payable in two years' time if profits exceed GH&$20,000,000.$

New share issued by Fafa Ltd at acquisition on a $1$ for $3$ basis $(1$ share in Fafa, for $3$ acquired in Blewu Ltd$).$

It is estimated that the fair value of the contingent consideration can be measured as the present value of the expected value; market price of Blewu Ltd share at acquisition was GH&$2\mathrm{.}00$ and market price of Fafa Ltd share was GH $!in3\mathrm{.}00.$ The cost of capital of Fafa Ltd is $10\%$ and acquisition costs of $GH!in100,000$ were incurred. The fair value of noncontrolling interest is measured based on the share price of Blewu Ltd$.$

Required

i$.$ Calculate the fair value of the purchase consideration transferred to acquire Blewu Ltd on $1$ January $2019.$

$(4$ marks$)$

ii$.$ Calculate the goodwill or bargain purchase on acquisition using both partial and full methods.

$(6$ marks$)$