On January 1, 2016, RX Company purchased 80% of the shares of MB Corporation at book value. The shareholders equity of MB Corporation on this date showed: Ordinary shares P570, 000 and Retained earnings P490,000. On April 30, 2016, RX Company acquired a used machinery for P84,000 from MB Corp. that was being carried in the latters books at P105,000. The asset still has a remaining useful life of 5years. On the other hand, on August 31, 2016, MB Corp. purchased an equipment that was already 20% depreciated from RX Co. for P345,000. The original cost of the equipment was P375,000 and had a remaining life of 8 years. Net income of RX Co. and MB Corp. amounted to P360,000 and P155,000. Dividends paid totaled to P115,000 and P52,500 for RX Co. and MB Corp., respectively. 1, In the consolidated financial statement in 2016, what is the noncontrolling interest in net assets?