Gray Corporation is a 90% owned subsidiary of Green Corporation acquired several years ago at book value equal to fair value. For the years 2015 and 2016, Proto and Silver report the following: Green's separate income (YR 2015 - P250,000; YR 2016 - P350,000), Gray's net income (YR 2015 - 100,000; YR 2016 - 80,000). The only intercompany transaction between Green and Gray during 2015 and 2016 was the January 1, 2015 sale of land. The land had a book value of P20,000 and was sold intercompany for P30,000, its appraised value at the time of sale. If the land was sold by Green to Gray and that Gray still owns the land at December 31, 2016, compute the profit attributable to equity holders of parent for 2015 and 2016.*

a. P340,000 ; P422,000

b. P330,000 ; P422,000

c. P340,000 ; P480,000

d. P330,000 ; P480,000