On July 01, 2021, Parent, Inc. acquired most of the outstanding common stock of Subsidiary Company for cash. The incomplete working paper elimination entries on that date for the consolidated statement of financial position of Parent, Inc. and its subsidiary are shown below:

Stockholders Equity Subsidiary	P2,437,500
Investment in Subsidiary		1,584,375
Non Controlling Interest		853,125
Inventory	62,500
Equipment	312,500
Patent	61,250
Goodwill	?
Investment in Subsidiary		468,750
Non Controlling Interest		?

Included in the purchase price is a control premium of P68,750. The amount of goodwill to be reported in the consolidated statement of financial position on July 01, 2021, assuming non-controlling interest is measured at fair value.