Kindly provide the solution for the answer of 45,000. Thank you!

MONTANA CORP. will issue common shares with a par value P10 for the net assets of HANA CORP. MONTANA's common stock has a current market value of P40 per share. HANA's statement of financial position on the date of acquisition follow: Current assets P320,000 Common stock, P5 par P80,000 Property and equipment 880,000 Additional paid in capital 320,000 Liabilities 400,000 Retained earnings 400,000 HANA's current assets are appraised at P400,000 and the property and equipment was also appraised at P1,600,000. Its liabilities are fairly valued. Accordingly, MONTANA issued shares of its common stock with a total market value equal to that of HANA's net assets including goodwill. To recognize goodwill of P200,000, how many shares were to be issued by MONTANA A. 45,000 C. 50,000 B. 40,000 D. 55,000