Determine the consolidated balances of NON-CONTROLLING INTEREST IN NET ASSESTS SUBSIDIARY in the year 20x6.

Solve required requirement with accurate calculation, please.

Phlaire acquired 70 percent of Syanne on July 1, 20x5. Based on the purchase price, proportionate goodwill of P450,000 was recognized. The 20x6 financial statements are as follows: Phlaire Syanne Income Statement Sales P 1,200,000 P 900,000 Cost of Goods Sold (802,500) (600,000) Operating Expenses (150,000) (150,000) Dividend Income 52,500 -0- Net Income 300.000 150.000 Statement of Accumulated Profits Accumulated Profits, January 1, 2016 Net Income Dividends Paid Accumulated Profits, December 31, 2016 P1,950,000 P 1,275,000 300,000 150,000 (150,000) ( 75,000) P2,100,000 P 1.350,000 1 Statement of Financial Position Cash and Receivables Inventory Investment in Syanne Fixed Assets Accumulated Depreciation Total Assets P600,000 P 450,000 447,000 1,050,000 1,353,000 -0- 1,500,000 900.000 (450,000) (300,000) P 3,450,000 P 2.100.000 Liabilities Ordinary share Accumulated profits Total Liabilities and Equity P 900,000 P 600,000 450,000 150,000 2,100 000 (Ctrl) P 3,450,000 P 2.100,000 Phlaire sells inventory costing P108,000 to Syanne during 20x5 for P180,000. At year's end, 30 percent is left. Syanne sellsinventory costing P300,000 to Phlaire during 201x for P375,000. At year's end, 20 percent is left Phlaire acquired 70 percent of Syanne on July 1, 20x5. Based on the purchase price, proportionate goodwill of P450,000 was recognized. The 20x6 financial statements are as follows: Phlaire Syanne Income Statement Sales P 1,200,000 P 900,000 Cost of Goods Sold (802,500) (600,000) Operating Expenses (150,000) (150,000) Dividend Income 52,500 -0- Net Income 300.000 150.000 Statement of Accumulated Profits Accumulated Profits, January 1, 2016 Net Income Dividends Paid Accumulated Profits, December 31, 2016 P1,950,000 P 1,275,000 300,000 150,000 (150,000) ( 75,000) P2,100,000 P 1.350,000 1 Statement of Financial Position Cash and Receivables Inventory Investment in Syanne Fixed Assets Accumulated Depreciation Total Assets P600,000 P 450,000 447,000 1,050,000 1,353,000 -0- 1,500,000 900.000 (450,000) (300,000) P 3,450,000 P 2.100.000 Liabilities Ordinary share Accumulated profits Total Liabilities and Equity P 900,000 P 600,000 450,000 150,000 2,100 000 (Ctrl) P 3,450,000 P 2.100,000 Phlaire sells inventory costing P108,000 to Syanne during 20x5 for P180,000. At year's end, 30 percent is left. Syanne sellsinventory costing P300,000 to Phlaire during 201x for P375,000. At year's end, 20 percent is left