Consolidated Financial Statements on the Date of Acquisition On January 2, 2020, the Statement of Financial Position of ABC Company and XYZ Company immediately before the combination are: ABC Co. XYZ. Co. Cash P 8,100,000 P 450,000 Inventories 5,400,000 540,000 Property and equipment (net) 13,500,000 1,890,000 Goodwill AME QM Total Assets Current Liabilities P 1,620,000 P 360,000 Ordinary shares, Pl00 par 3,900,000 870,000 Share premium 8,100,000 540,000 Retained Earnings 3mm _l,530,000 Total Liabilities and Stockholder's Equity a The fair value of XYZ Company's property & equipment is P2,640,000. Required: (In each of the following cases) 1. Compute for the Goodwill/Gain from Bargain Purchase 2. Prepare the necessary working paper entries. 3. Prepare a Consolidated Statement of Financial Position immediately after the acquisition (in good form) Assume the following independent cases: 1. Assuming ABC Company acquired 75% of the outstanding shares of XYZ Company for P3,150,000 and non-controlling interest is measured at the proportionate share of XYZ Company's identifiable net assets. 2. Assuming ABC Company acquired 65% of the outstanding shares of XYZ Company for P2,730,000 and non-controlling interest is measured at fair value. 3. Assuming ABC Company acquired 80% of the outstanding shares of XYZ Company for P2,400,000 and non-controlling interest is measured at the proportionate share of XYZ Company's identiable net assets. 4. Assuming ABC Company acquired 70% of the outstanding shares of XYZ Company for P4,100,000 and non-controlling interest is measured at fair value in the amount of P1,100,000. 5. Assuming ABC Company acquired 90% of the outstanding shares of XYZ Company for P3,600,000 and non-controlling interest is measured at fair value in the amount of P300,000