On January 1, 20x1, ABC Co. acquired 80% interest in XYZ, Inc. by issuing 5,000 shares with fair value of P30 per share and par value of P20 per share. The financial statements of ABC Co. and XYZ, Inc. immediately after the acquisition are shown below:

	Jan. 1, 20x1
	ABC Co.	XYZ, Inc.
Cash	20,000	10,000
Accounts receivable	60,000	24,000
Inventory	80,000	46,000
Investment in subsidiary	150,000
Equipment	400,000	100,000
Accumulated depreciation	(40,000)	(20,000)
Total assets	670,000	160,000
Accounts payable	40,000	12,000
Bonds payable	60,000	-
Share capital	340,000	100,000
Share premium	130,000	-
Retained earnings	100,000	48,000
Total liabilities and equity	670,000	160,000

On January 1, 20x1, the fair value of the assets and liabilities of XYZ, Inc. were determined by appraisal, as follows:

XYZ, Inc.	Carrying amounts	Fair values	Fair value increment
Cash	10,000	10,000	-
Accounts receivable	24,000	24,000	-
Inventory	46,000	62,000	16,000
Equipment	100,000	120,000	20,000
Accumulated depreciation	(20,000)	(24,000)	(4,000)
Accounts payable	(12,000)	(12,000)	-
Net assets	148,000	180,000	32,000

The equipment has a remaining useful life as of 4 years from January 1, 20x1. ABC Co. elects to measure non-controlling interest as its proportionate share in XYZs net identifiable assets.

1. Compute the goodwill
2. Compute the Consolidated Stockholders Equity
3. Compute the Consolidated Assets