HIJ and KLM exchanged equity interest resulting to HIJ obtaining control over KLM. Relevant information follows: HU (before combination) Consolidated Identifiable assets 2,200,000.00 3,600,000.00 Goodwill ? Total Assets 2,200,000.00 ? Liabilities Share Capital (P20 par) Share Premium Retained Earnings Total Liabilities and Equity 700,000.00 800,000.00 300,000.00 400,000.00 2,200,000.00 1,300,000.00 976,000.00 1,092,000.00 ? ? Requirements: Compute for the Goodwill or (Gain on Bargain Purchase). Your answer On January 1 2021.NOP acquires 100% interest in QRS in exchange for NOP's 10,000 shares with par value per share of P20 and fair value per share of P200. QRS's net identifiable assets have fair value of P1,920,000 and a book value of P1,850,000. In addition, NOP agrees to provide an additional payment of P400,000 if QRS's 2021 net income will except P3,600,000. The fair value of the contingent consideration is P280,000. The net identifiable asset of NOP have a book value of P3,250,000 and the fair value of P3,375,000. Compute for the consolidated net identifiable asset after the acquisition. Your