On January 2, 2022, P Company purchased 80 percent of the outstanding stock of S Company for P500,000 cash. On that date, the assets and liabilities of S Company had fair marke values as indicated below. Balance sheet data of the two companies on January 2, 2022 are as follows: It was ascertained that the fair values of the net assets of S Company are: NCl is measured at fair value of P100,000. Determine goodwill upon acquisition