QUESTION TWO: $[50]$Straw Ltd acquired $112000$ ordinary shares in Berry Ltd on $31$ December $2020.$ The following represent the abridged statements of financial position of the two companies on that date:ASSETSNon$-$ current assetsProperty, plant and equipment Investment in Berry Ltd at fair value Loan Berry LtdCurrent assetsInventoriesTrade and other receivables Cash and cash equivalentsTotal assetsEQUITY AND LIABILITIESTotal equityOrdinary shares at R$1$ each Retained earningsOther components of equityTOTAL LIABILITIESNon$-$current liabilitiesLoan Straw Ltd DebenturesCurrent liabilitiesTrade and other payables Bank overdraftTotal equity and liabilities Additional information$3382001357001800002250019500082500112500-53320043125025000015000031250103750-250005000028950533200154000154000--252000189000-630004060002100001400005600014000196000225009800075500-406000$Straw Ltd Berry Ltd RR Straw Ltd acquired $112000$ shares at the date of acquisition in Berry Ltd$.$Required:$1.$ Prepare the pro$-$forma consolidation journal entries for the year ended $31$ December $2020.(20)2.$ Prepare the consolidated statement of financial position of the Straw Ltd group as at $31$ December $2020.(15)3.$ Calculate the amount of goodwill$/$ gain from bargain purchase if the consideration paid for the acquisition of Berry Ltd was R$156000.(7)4.$ Calculate the amount of goodwill$/$ gain from bargain purchase to be disclosed in the consolidated statement of financial position of the Straw Ltd group as at $31$ December $2020.$ On $31$ December $2020,$ Berry Ltd$.$s shares were trading at a market value of R$1\mathrm{.}70$ per share.