Entity A acquired all the assets and assumed all the liabilities of Entity B for P4,000,000. Information on entity B's identifiable assets and liabilities as at the acquisition date is shown below: Carrying Amount Fair Values Assets 5,800,000 6,100,000 Liabilities 2,100,000 2,300,00 All fair value adjustments to the identifiable assets acquired and liabilities assumed have deferred tax consequences, but do not affect the tax bases. The income tax rate is 30% Required: Compute for the goodwill