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Income statement information for the year 2012 for Marc Corporation and its Francis 60% owned subsidiary, Francis Corporation, is as follows: Marc Francis Sales P1.800.000 P700,000 Cost of sales 800,000 500,000 Gross Profit P1,000,000 P200,000 Operating expenses 500,000 100,000 Francis's net income P100.000 Marc's separate income P_500,000 Intercompany sales for 2012 are upstream (from Francis to Marc) and total P200,000, Marc's December 31, 2011 and December 31, 2012 inventories contain unrealized profits of P10,000 and P20,000, respectively. 15. The consolidated sales for 2012: A P1.800.000 B. P2,300,000 C. P2,380,000 D. P2,500,000 16. The consolidated cost of sales for 2012: A. P1,090.000 B. P1.100.000 C. P1,110,000 D. P1,120,000 17. The Profit attributable to Equity Holders of Parent or CNI Contributable to Controlling Interests for 2012: A. P554,000 B. P560,000 C. P564,000 D. P610,000