On January 1, 2020, Subsidiary Company purchased a delivery truck with an expected useful life of 5 years. On January 1, 2022, Subsidiary Company sold the truck to Parent Company and recorded the following entry: Cash 43,800 Accumulated depreciation 21,200 Truck 53,000 Gain on sale of truck 12,000 Parent holds 60% of Subsidiary's voting shares. Subsidiary reported net income of P55,000 and Parent reported separate net income of P98,000 for 2022. Parent company continued the method used by Subsidiary Co. in recording the depreciation expense and the same remaining life. 1. The consolidated net income for 2022 a. P 153,000 c. P 145,000 b. P 141,000 d. P 144,000 2. Non-controlling interest in the consolidated net income a. P 18,800 C. P 22,000 b. P 17, 200 d. P 19, 200 3. Depreciation expense recorded by the parent company a. P 4,000 c. P 14,600 b. P 10, 600 d. P 10, 950 4. Depreciation expense reported in the Consolidated Income Statement a. P 4,000 C. P 14,600 b. P 10, 600 d. P 10, 950 5. The truck and its accumulated depreciation in the Consolidated Balance Sheet a. 43,800 and 14,600 c. 53,000 and 31,800 b. 53,000 and 21,200 d. 43,800 and 21,200