On January 1 , 2021 Parent Company purchased 80% of the common stock of Subsidiary Company for P316,000. On this date, Subsidiary Company had common stock, other paid-in capital, and retained earnings of P40,000, P120,000, and P190,000 , respectively . Parent Company's common stock amounted to P500,000 and retained earnings of P200,000. On January 1 2021, the only tangible assets of Subsidiary that were undervalued were inventory ang building. Inventory for which FIFO is used , was worth P5,000 more than cost. The inventory sold in 2021. Building, which was worth P15,000 more than book value, has a remaining life of 8 years, and straight-line depreciation is used. Any remaining excess is full goodwill with an impairment for 2021 amounting to P3,000. Subsidiary Company reported net income of P50,000 and paid dividends of P10,000 in 2021, while the parent's reported net income amounted to P100,000 and paid dividends of P20,000.

1. Using the partial -goodwill approach, compute the Non-controlling in Net Income / CNI attributable to Non-controlling interest

2. Using the partial-goodwill approach, compute the Equity Holders of Parent-Retained Earnings / Controlling interest in the Consolidated Retained Earnings:

3. On the 2022 consolidation, how much would be the adjustment to the beginning retained earnings of Parent Company to reflect reciprocity?