Arkin Corporation acquired 75% of the outstanding shares of Sharp Company on January 2. 2016 for a consideration transferred of P4,320,000. The price paid includes a control premium amounting to 120,000. On the date of acquisition. the related cost of business combination amount to 80,000. Ordinary Shares. On January 2. 2016, Sharp Company's stockholders' equity accounts were: Ordinary Shares - 5,700,000 and Retained Earnings - 1,860.000. An examination of the acquired company's assets and liabilities on the dale of acquisition revealed that there were assets with book values different from their fair values. The merchandise inventory of Sharp is overstated by 180,000; Land, which was undervalued by P900.00; Equipment, which was overvalued by 720,000; and copyright was undervalued by P540,000.

Inventories were all sold in 2016. The equipment had a remaining life of 8 years while copyright had a remaining life of 5 years. During 2016. intercompany sales of merchandise on account amount to P1.980,000, of which P 126.000 is from upstream sales. Likewise. the December 31. 2016 inventory includes P144.000 from downstream sales. Arkin Corporation's mark-up was 20% of sales while Sharp Company's selling price is at 120% of cost.

On the first day of the second month of the second quarter of 2017. there was an upstream sale of land for P2.700.000. On this date the land was carried on the selling company's books at P2.340.000. an amount which is equal to fair value on the date of acquisition. On the first day of the last month of the third quarter of 2017, there was a downstream sale of furniture for P300.000. On this date the furniture was carried on selling company's books, net of accumulated depreciation at P210.000. The furniture was estimated to have a remaining life of 5 years on the date of sale. On the first day of the last month of the year 2017, there was an upstream sale of building for P6.720.000. On this date the building was carried on selling company's books, net of accumulated depreciation at P8.160,000. The building was estimated to have a remaining life of 8 years on the date of sale.

During 2017, intercompany sales of merchandise on account amount to P3.240.000. of which P360,000 from upstream sales. Likewise. the December 31, 2017 inventory includes P270.000 from downstream sales. The acquirer corporation accounts for its investment account in subsidiary using the cost method. Unconsolidated information as of December 31. 2017 show:

The 2017 Consolidated Gross Profit is

The 2017 Consolidated Expenses is

The 2017 Non-controlling interest in net income is

The 2017 Consolidated Net Income

The 2017 Non-controlling interest in Net Assets

The 2017 Retained Earnings Attributable to Parent's Shareholders Equity is