A. Paul Construction pays P5,000,000 in cash and issues 50,000 shares with a par value of P10/share and fair value of P40/share to acquire Andrew Builders assets and liabilities on January 1, 2023. Balance sheet just prior to the acquisition are as follows: Outside consultants are paid P400,000 in cash, and registration fees to issue the new shares are P200,000. Paul Construction Andrew Builders Book Value Fair Value Current assets 7,000,000 1,000,000 2,100,000 Property, plant and equipment 55,000,000 5,000,000 3,000,000 Identifiable intangible assets 400,000 2,000,000 7,000,000 TOTAL ASSETS 62,400,000 8,000,000 Current liabilities 6,500,000 800,000 1,000,000 Long-term debt 30,000,000 6,000,000 5,800,000 Ordinary shares at par value 2,000,000 700,000 Share premium 20,000,000 1,800,000 Retained earnings 3,900,000 1,600,000 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 62,400,000 8,000,000 Based on the given information, answer the following questions: 1. Calculate the amount of consideration transferred. 2. Calculate the amount of goodwill to be reported in this acquisition. 3. How much is the total assets after the acquisition? 4. How much is the total liabilities after the acquisition? 5. What is the total shareholders' equity of Paul Construction after the acquisition.