On January 1, 2018, ANAK Co.'s equipment was sold for 100,000. ANAK Co.'s goodwill was believed to be impaired by P5,000, P7,000 and P10,000 at the end of 2016, 2017 and 2018, respectively. Other information with regard to the two companies are as follows: Net Income Dividends Paid Cash Accounts Receivable Inventories Equipment-net Machinery-net Investment in Subsidiary Goodwill Total Assets Accounts Payable Mortgage Payable Total Liabilities 2016 2017 2018 As of December 31, 2016 AMA Co. AMA Co. ANAK Co. AMA Co. ANAK Co. AMA Co. ANAK Co. 200,000 50,000 250,000 Questions: Determine the following: ANAK Co. 847,500 800,000 200,000 300,0 00 1,000,000 300,000 900,000 300,000 As of December 31, 2017 AMA Co. ANAK Co. 570,000 995,000 750,000 460,000 205,000 110,000 75,000 120,000 250,000 1,230,000 250,000 700,000 150,000 120,000 300,000 300,000 112,500 280,000 260,000 250,000 160,000 225,000 200,000 1,500,000 1,500,000 1,500,000 50,000 50,000 50,000 2,750,000 1,540,000 3,580,000 1,760,000 4,240,000 1,750,000 50,000 220,000 150,000 60,000 200,000 100,000 50,000 200,000 100,000 150,000 150,000 As of December 31, 2018 AMA Co. ANAK Co. 945,000 600,000 125,000 1. Goodwill/Gain on acquisition 2. 2016 Consolidated Net Income 3. Parent's Share in the 2016 Consolidated Net Income 4. Consolidated Total Assets as of December 31, 2016 5. Consolidated Retained Earnings as of December 31, 2016 6. Non-controlling Interest as of December 31, 2016 7. 2017 Consolidated Net Income 8. Non-controlling Interest's Share in 2017 Consolidated Net Income 70,000 150,000 60,000 150,000 40,000 280,000 220,000 190,000 80,000 Ordinary Share 1,000,000 500,000 1,000,000 500,000 1,000,000 500,000 Capital, P100 par Ordinary Share premium 500,000 200,000 500,000 200,000 500,000 200,000 Retained Earnings 1,000,000 640,000 1,800,000 840,000 2,550,000 990,000 60,000