On January 1, 2012, P Corporation purchased 80% of S Company's outstanding stock forP 620,000. At that date, all of S Company's assets and liabilities had market valuesa approximatelyequal to their book values and no goodwill was included in the purchase price.

The following information was available for 2012: Income from own operations of P

Corporation, P150,000; Operating loss of S Company, P20,000. Dividends paid in 2012 by P Corporation, P75,000; by S Company to P Corporation, P12,000.

On July 1, 2012, there was a downstream sale of equipment at a gain of P25,000. The

equipment is expected to have a remaining useful life of 10 years from the date of sale. Also,o onJanuary 1, 2012, there was an upstream sale of furniture at a loss of P7,500. The29 furniture is expected to have a useful life of five years from the date of sale. Non-controlling interest is measured at fair market value.

Question: How much is the consolidated net income attributable to parent shareholders'

equity?