On January 1, 2021, Drenz Co. acquired 30,000 ordinary shares out of the 100,000 outstanding ordinary shares of Josiah Inc. for P5M. Josiahs assets and liabilities approximate their fair values except for inventories with carrying amount of P800,000 and fair value of P900,000 and machinery with carrying amount of P2,500,000 and fair value of P2,200,000. All the inventory was sold in 2021. The remaining useful life of the machinery is 5 years. Josiahs net asset has a book value of P10M.

On December 31, 2021, Josiah reported net income of P2M and declared and paid dividends of P800,000. On December 31, 2022, Josiah reported net income of P4.5M and declared and paid dividends of P1,600,000.

1. How much is the implied goodwill from acquisition? 2. How much is the net share in the profit or loss of the associate in 2021? 3. How much is the carrying amount of the investment as of December 31, 2021? 4. How much is the net share in the profit or loss of the associate in 2022? 5. How much is the carrying amount of the investment as of December 31, 2022?