27. QUESTION #24 The Statement of Financial Position of Lustre Corporation on June 30, 2013, es presented below: Current assets 232.500 Land 220.000 Building 110.000 Equipment 37 SCO Total Assets P450.000 Liabilities 87.500 Capital stock, P5 per 150.000 Additional paid in capital 137.500 Retained earnings 75.000 Total equities P450,000 All the assets and abilities of Lustresumed to approximate their fair values except for land and building. It is estimated thet the land have a fair value of P350,000 and the feir value of the building increased by PRO, 000. Wernel Corporation acquired box of Lustre's capitai stock for P500,000 Assuming the consideration paid includes control premium of P:42,000, how much is the goodwill gain on acquisition on the consolidated financial statement