-On 1 January 20X0, Piano Ltd Acquired 100% of the c

$\begin{array} { l c c c } & \begin{array} { c } \text { Piano Ltd } \\\text { \$ millions }\end{array} & \begin{array} { c } \text { Billy Ltd } \\\text { \$ millions }\end{array} & \begin{array} { c } \text { Man Ltd } \\\text { \$ millions }\end{array} \\\text { Retained profits } & 2300 & 800 & 500 \\\text { Paid-up capital } & 2700 & 400 & 300 \\\text { 1 Jan 20X0 Total } & \mathbf { 5 0 0 0 } & \mathbf { 1 } 200 & \mathbf { 8 0 0 } \\\text { Retained profits } & 4300 & 1200 & 600 \\\text { Paid-up capital } & 2700 & 400 & 300 \\\text { 1 Jan 20X2 Total } & 7 \mathbf { 0 0 0 } & \mathbf { 1 6 0 0 } & \mathbf { 9 0 0 }\end{array}$
-On 1 January 20X0, Piano Ltd acquired 100% of the issued capital of Billy Ltd by paying $1 600 million cash.On 1 January 20X2, Billy Ltd acquired 100% of the issued capital of Man Ltd by paying $1 000 million cash.At these two dates, the fair values of equity of the companies is shown in the above table.
How much goodwill was acquired by each company?

A)
$\begin{array}{llcc} \text { Piano Ltd \$ millions } & 0 \\ \text { Billy Ltd \$ millions } &200\\\end{array}$


B)
$\begin{array}{llcc} \text { Piano Ltd \$ millions } & 400\\ \text { Billy Ltd \$ millions } &200\\\end{array}$



C)
$\begin{array}{llcc} \text { Piano Ltd \$ millions } &40 0 \\ \text { Billy Ltd \$ millions } &100\\\end{array}$


D)
$\begin{array}{llcc} \text { Piano Ltd \$ millions } & 0 \\ \text { Billy Ltd \$ millions } &100\\\end{array}$