he separate incomes (which do not include investment income of AA Corporation and BB Corporation, 80% owned subsidiary, for 2021 were determined as follows: AA BB P400,000 P100,000 Less: Cost of sales 200,000 60,000 Gross profit 200,000 40,000 Other expenses 100,000 30,000 Separate incomes P 100,000 P10,000 Sales During 2022 AA sold merchandise that cost P20,000 to BB for P40,000 and at December 31, 2022 half of these inventory items remained unsold by BB. The non-controlling interest in net