On January 1,2013, Po Company purchased 80% of the outstanding stock of So Company at a cost of P720,000. On that date, So company had P400,000 of capital stock and P500,000 of retained earnings. (NCI measured at proportionate interest). For 2013, So Company reported income of P180,000 and paid dividends of P60,000. All of the assets and liabilities of So company are at fair market value. On October 1, 2013, Po Company sold equipment to So Company for P75,000 that had a carrying value of P45,000. The equipment is expected to have a useful life of 10 years from this date. Po uses the cost method to account for its investment in So. For the year 2013, Po Company reported income from its own operations in the amount of P200,000, which included the gain of P30,000 on equipment sold to So. The amount of consolidated net income attributable to parent on December 31, 2013 is:*