1. The fair value of asset acquired is? 2. the fair value of liabilities assumed is? 3. Kulpy Corporation's total assets after the acquisition is? 4. If deferred tax should be accounted for, using a tax rate of 32%, the goodwill or bargain purchase gain is? 5. The goodwill or bargain purchase gain on the acquisition is 6. The consideration transferred amounted to?

The following Statement of Financial Position were prepared for Kulpy and Chicken Corporations on January 1 , 2013, just before they entered into a business combination: ch:-1.1.- * Kulpy acquires some assets and assume some of the liabilities of Chicken by issuing shares of stock. Stock exchange ratio is 1.00:2.00. * Kulpy acquires all assets except for Chicken's cash of P24000 and all its inventories. * Kulpy will transfer 25% of its inventories to Chicken as part of the consideration. * All liabilities, except 25\% of Chicken's acccounts payable, will be assumed by Kulpy. * The fair value of Kulpy's ordinary share is P20 at acquisition date