11. On October 1, 2015 ,The Tingling Company acquired 100% of The Greenbank Company when the fair value of Greenbank's net assets was P116,000 and their carrying amount was P120,000. The consideration transferred comprised P200,000 in cash transferred at the acquisition date, plus another P60,000 in cash to be transferred 11 months after the acquisition date if a specified profit target was met by Greenbank. At the acquisition date there was only a low probability of the profit target being met, so the fair value of the additional consideration liability was P10,000. In the event, the profit target was met and the P60,000 cash was transferred. What amount should Tingling present for goodwill in its statement of consolidated financial position at December 31, 2016, according to IFRS3 Business combinations? a. P94,000 b. P80,000 c. P84,000 d. P144,000