CONSOLIDATION: INTERCOMPANY TRANSACTIONS On January 1, 2019, J Company acquired 90% of the outstanding shares of F Inc. at book value. During 2019 and 2020, intercompany sales amounted to P2,000,000 and P4,000,000, respectively. J Company consistently recognizes a 20% mark-up based on sales while F Inc. had a 25% gross profit on sales. The inventories in the buyer's books, which all came from intercompany transactions show: December 31, 2019 December 31, 2020 P240,000 P160,000 100,000 40,000 On October 1, 2020, F Inc. purchased a piece of land costing P1,000,000 from J Company for P1,500,000. On the other hand, onn July 1, 2020, F Inc. Sold an equipment with a carrying value of P60,000 and remaining life of 3 years to J Company for P42,000. Separate Statements of Comprehensive Income for the two companies for the year 2020 follow: J Company F Company Sales P25,000,000 P14,000,000 Cost of Sales (15.000.000) (8.400,000) Gross Profit P10,000,000 P5,600,000 Operating Expenses (6.000,000 (3.800,000) Operating Profit P4,000,000 1,800,000 Loss on sale of office equipment (18,000) Dividend Revenue 40,000 Net Income P4,000,000 P1,822,000 Compute the following amounts for/as of December 31, 2020: A. Consolidated Gross Profit B. Consolidated Net Income attributable to Parent C. Non-cotrolling interest (NCI) in Net Income