Frankie Corporation purchased 100% of Blake Company for P600,000. At that date, Blake Company had the following book values and market values:

Book Value Market Value

Cash and receivables 60,000 60,000

Inventory 180,000 230,000

Plant Assets (net) 375,000 475,000

Current liabilities (95,000) (95,000)

Long-term debt (215,000) (215,000)

Common stock (25,000)

Retained earnings (280,000)

What is the total purchase differential? Select one: a. P205,000 b. P145,000 c. P295,000 d. P-0-