1. what is the consolidated net income for the year 2030
2. consolidated net income assigned to controlling interest in 2031
3. what is the minority interest in net of subsidiary in 2032

29. Papa Inc. Papa Inc. acquired 70% of the ordinary shares of Mama Corp, on January 1, 2030 at underlying book value. The fair value of the non-controlling interest at the date of acquisition was equal to 30% of the book value of Mama's net assets. Mama sold inventory in the years 2030, 2031 and 2032 for P1,200,000; P1,050,000 and P1,350,000, respectively, Mama always sells its inventory at 20% above cost to Papa Inc. Pape Inc. reported ending inventory for years 2030 2031 and 2032 of P420,000: P630,000 and P720,000, respectively. The following are incomes reported by Papa and Mama for the past three years: Years 2030 2031 2032 Papa 900,000 1,440,000 1,800,000 Mama 600,000 540,000 960,000