On January 1, 2022, P Company acquired 80% of S Company for P2,000,000. The fair value of identifiable net assets is P1,800,000. NCI is measured at fair value. In 2022, P Company ships merchandise to S Company costing P800, 000 at 25% above cost. Additional data are as follows:

	P Company	S Company
Sales	5,500,000	2,500,000
Cost of Sales	3,200,000	1,600,000
Operating Expense	650,000	300,000

The ending inventories of S Company include merchandise from P Company amounting to P50,000. Impairment of goodwill is P20,000. 

1. Consolidated cost of sales is reported at______________________________.
2. The net income attributable to parent is______________________________.
3. How much is the consolidated gross profit____________________________.