2. On January 1, 20x1, Hammer Co. acquired 80% interest in Folk Co. The financial statements of the combining entities right after the business combination are as follows: Hammer Co. Folk Co. Cash 160,000 10,000 Accounts receivable 200,000 110,000 Inventory 400,000 80,000 Investment in subsidiary 520,000 Building, net 1,000,000 300,000 Total assets 2,280,000 500,000 Accounts payable 100,000 20,000 Share capital 1,000,000 200,000 Share premium 300,000 100,000 Retained earnings 880,000 180,000 Total liabilities and equity 2,280,000 500,000 Folk's assets and liabilities approximate their fair values, except inventory (fair value is P100,000) and building (fair value is P400,000). Hammer measured the NCI at 'proportionate share'. Requirement: Prepare the consolidated statement of financial position