6. In January 2002, Henry Corporation acquired 20 percent of the outstanding ordinary shares of Davis Company for P1,120,000 This investment gave Henry the ability to exercise significant influence over Davis. The book value of the acquired shares was P840,000. The excess of cost over book value was attributed to an identifiable intangible asset that was undervalued on Davis' balance sheet and that had a remaining useful life of ten years. For the year ended December 31, 2002, Davis reported profit of P252,000 and paid cash dividends of P56,000 on its ordinary shares. What is the proper carrying amount of Henry's investment in Davis at December 31, 2002? a. 1,080,800 b. 1,092,000 c. 1,131,200 d. 1,181,600 (Adapted)