On January 1, 20x,1,P Corp. acquired 80% interest of the outstanding ordinary shares of S Corp. for P 910,000 cash. On the date of combination, S Corp reported ordinary shares of P650,000 and retained earnings of P325,000. The fair value of the non-controlling interest was P227,500. The book values equal to fair values of S Corp assets and liabilities, except for equipment which had a fair value of P162,500 greater than its book value and has a remaining life of 8 years. P Corp. reported net income of 325,000 and paid dividend of P97,500 for year 20x1 and 20x2.

S Corp. reported the following data for 20x1 and 20x2:

	Net Income	Dividend
20x1	97,500	146,250
20x2	146,250	32, 500

a. Using Equity method, how much is the total consolidated net income attributable to parent for year 20x1?

b. Using Cost Method, how much is the total consolidated net income attributable to parent for year 20x1?

c. Using Equity Method, how much is the total consolidated net income attributable to parent for year 20x2?

d. Using Cost Method, how much is the total consolidated net income attributable to parent for year 20x2?

e. Using Equity Method, how much is the Investment in S Corp at December 31, 20x2 in the separate Financial statement of P Corp?

f. Using Equity Method, how much is the Non-Controlling interest in net in subsidiary at December 31, 20x2?

g. Using Cost Method, how much is the Non-Controlling interest in net in subsidiary at December 31, 20x2?