Acquirer Company acquires 25% of Acquired Companys common stock for P190,000 cash and carries the investment using the cost method. After three months, Parent purchases another 60% of Subsidiarys common stock for P540,000. On this date, acquired company reports identifiable net assets with carrying value of P720,000 and fair value of P920,000. The liabilities of the acquired company has a book value and a fair value of P280,000. The fair value of the 15% non-controlling interest is P125,000. How much is the goodwill or (gain on acquisition)?

A. P(17,000) B. P250,000 C. P(30,000) D. P263,000