Novaliches Corp Purchased 50% interest in Balara Corp. Two Years prior to acquisition Novaliches Corp Purchased 10% interest in Balara Corp. Novaliches Corp issued 500,000 P2 par shares as consideration to Balara Corp. At the time of Acquisition, Novaliches shares is at Trading P6 per share, and Balara Corp is trading at P3 per share. Novaliches opt to Value NCI at its fair value. The fair value of the Balara Corp at the time of acquisition is P2,000,000.

Compute for the Goodwill