On January 2, 2012, D Corporation purchased 80% of the outstanding shares of C Company for P4,750,000. At that date, C had P4,000,000 of ordinary shares outstanding and retained earnings of P1,600,000.

• C's equipment with a remaining life of 5 years had a book value of P2,250,000 and a fair value of P2,630,000. C's remaining assets had book values equal to their fair values.
• All intangibles except goodwill are expected to have remaining lives of 8 years.
• The income and dividend figures for both D and C are as follows: Net income of D in 2012 is P900,000; 2013 is P1,100,000. Net income of C in 2012 is P340,000; 2013 is P510,000.
• Dividends of D in 2012 is P220,000; 2013 is P390,000. Dividends of C in 2012 is P70,000; 2013 is P130,000.
• D's retained earnings balance at the date of acquisition was P3,450,000
• How much is the consolidated retained earnings attributable to controlling interest in 2013?

a. 5,238,400

b. 5,333,200

c. 5,232,400

d. 5,272,400