advance financial accounting

see the attached two pictures

PROB. 5-35 (AICPA) On January 1, 2016, Owen Corp. purchased all of Sharp Corp.'s common stock for P1,200.000. On that date, the fair values of Sharp's assets and liabilities equaled their carrying amounts of P1,320,000 and P320,000, respectively. During 2016, Sharp paid cash dividends of P20,000. Selected information for theseparate balance sheets and income statements of Owen and Sharp as of December 31, 2016, and for the year then ended follows: Owen Sharp Balance Sheet Accounts: Investment in subsidiary 1,300,000 Retained earnings 1,240,000 560,000 Total stockholders' equity 2,620,000 1,120,000 Income Statement Accounts: Operating income 420,000 200,000 Equity in earnings of Sharp 120,000 Net income 400,000 140,000 a. In Owen's 2016 consolidated income statement, what amount should be reported for amortization of goodwill? a. 0 b. 12,000 C. 18,000 d. 20,000 b. In Owen's December 31, 2016 consolidated balance sheet, what amount should be reported as total retained earnings? a 1,240,000 b. 1,360,000 C. 1,380,000 d. 1,800,000