Question 5 The draft statement of financial position of Wright Bhd and its subsidiary company Wrong Bhd at 31 December 2021 are as follows: Additional information: (i) Wright Bhd purchased all shares in Wrong Bhd some years ago, when Fruit had a credit balance of RM95 million in reserves. All purchased goodwill has now been written off. (ii) At the date of acquisition the freehold land of Wrong Bhd was revalued at RM70 million in excess of its book value. The revaluation was not recorded in the accounts of Fruit. (iii) Goodwill arising on consolidation has suffered an impairment loss of 10% since the date of acquisition. Required: a) Calculate the goodwill arising on the acquisition of Wrong Bhd on 31 December 2021. (7 marks) b) Compute the group retained earnings for the year ended 31 December 2021 . (5 marks) c) Prepare a consolidated statement of financial position Wright Bhd as at 31 December 2021. (13 marks) (Total: 25 marks)