Griffindor Corporation has gained control over the operations of Slitherin Company by acquiring 85% of its outstanding ordinary shares by issuing 1,000 bonds with face value of P2,000 at 136%. Total Current Assets of Griffindor and Slitherin amounts to P4,340,000 and P938,000, respectively. Out of which, acquiree's receivables are overvalued by P325,000 and acquiree's inventories are undervalued by P76,000. Total Fixed Assets of Griffindor and Slitherin amounts to P4,210,000 and P1,922,000, respectively. Out of which, acquiree's equipment are overvalued by P14,000 and building is undervalued by P518,000. Total liabilities of Griffindor and Slitherin amounts to P2,075,000 and P983,000, respectively. Acquiree has unrecorded accounts payable of P35,000. Retained Earnings of Griffindor is P1,700,000. There are 68,000, P50 par outstanding shares of Griffindor. Consolidated Shareholders' Equity is

Select one:

a.P5,852,000

b.P6,955,000

c.cannot be determined

d.P4,235,000