5. Pablo Corporation holds 70% of Sito Company, and uses the cost method in accounting for its investment. During 2017, Sito Company reported net income of P70,000 and paid dividends of P40,000. Pablo reported net income (including dividend income) of P130,000 and paid dividends of P50,000. There was no purchase difference at the time of investment. What amount of consolidated net income attributable to parent will be reported for 2017? a. P172,000 c. P151,000 b. P102,000 d. P 70,000