8) Kestrel Company acquired an 80% interest in Reptile Corporation on January 1, 2021. On January 1, 2022, Reptile sold a building with a book value of P 50,000 to Kestrel for P 80,000. The building had a remaining useful life of ten years and no salvage value. The separate balance sheets of Kestrel and Reptile on December 31, 2022 included the following balances: Buildings Accumulated Depreciation - Buildings Kestrel P 400,000 Reptile P 250,000 120,000 75,000 The consolidated amounts for Buildings and Accumulated Depreciation - Buildings that appeared, respectively, on the balance sheet at December 31, 2022, were A P620,000 and P192,000. B. P620,000 and P195,000. C. P650,000 and P192,000. D. P650,000 and P195,000. 9) Pigeon Corporation purchased land from its 60%-owned subsidiary. Seed Inc., in 2021 at a cost P 30,000 greater than Seed's book value. In 2023, Pigeon sold the land to an outside entity for P 40,000 more than Pigeon's book value. The 2023 consolidated income statement reported a gain on the sale of land of A. P 40,000 B. P 42,000 C. P 58,000 D. P 70,000 10)Paw Inc. owns 75% of Saw Company, purchased several years ago at book value. On July 1, 2022, Saw sold to Paw a used computer at a loss of P 12,000. The computer has 5-year life from the date of the intercompany sale, straight-line depreciation will be used, and it has no salvage value. In year 2022, Sad had net income of P 100,000 and paid dividends of P 60,000. The NCII for 2022 is A P 21,700 B. P 22,300 C. P 27,700 D. P 28,300