Abdul Company is engaged in a variety of businesses around south. The CEO thought of expanding and the way to do that is to buy a portion or a whole entity that competes with his. The below data pertains to Karim Enterprise's balance sheet together with Abdul's before acquisition and any other adjustments: On January 1,2018, Abdul decided to acquire all but fifteen percent of Karim's equities for P520,200. Notes receivable of Abdul was negotiated and dealt on August 15,2017 and payable on August 15,2020 at 12% interest rate while the same account on the hands of Karim bears the same interest rate but only executed the transaction three and a half months immediately preceding the acquisition date and its due date is after 3 years from that date. Same nature of transactions and agreements applied to respective notes payables including their commencement date and settlement date except that Abdul's is at 14%. There is an existing agreement that total interests will be paid or received in full together with the settlement of the respective notes payable/receivable. (Amounts must be round to TWO decimal places)