13. Brisbane Company has recently diversified by taking over the operations of Darwin Company at a cost of P10,000,000. Darwin manufactures and sells a cleaning cloth called the "Superswipe" which was developed by Darwin's highly trained staff. The unique nature of the coating used on the "Superswipe" has resulted in Darwin Company a significant share of the South African market. As a result of the takeover, Brisbane Company acquired the following assets at fair value: Land and Building 3,200,000.00 Production Machinery 2,000,000.00 Inventory 1,800,000.00 Accounts Receivable 700,000.00 In addition, Darwin Company owned, but had not recognized, the following: - Trademark - "Superswipe" with fair value of P1,000,000. - Patent - Formula for the special coating with fair value of P5000,000. What amount of goodwill should be recognized on the date of acquisition