15. On January 2, 2020. Jacky Company acquired the net assets of Chan Corporation by issuing 600,000 shares of its P20 par value ordinary shares. Subsequently, Chan was liquidated and its net assets merged into Jacky. The ordinary shares of Jacky was selling for P100 per share on January 2, 2020. The amount of goodwill recorded by Jacky in connection with the combination was P12,240,000. Jacky also incurred P600,000 of legal and brokerage fees associated with the combination and P60,000 of share issuance costs. The fair value of Chan's net assets and the amount of increase in Jacky's shareholder's equity as a result of the combination, respectively, are: A. 47,760,000 & 59,940,000 C. 48,360,000 & 59,940,000 B. 47,760,000 & 60,000,000 D. 48,360,000 & 60,000,000