On July 1, 2021, Jared Co. acquired 100% of Claire Co. for a consideration transferred of P160,000,000. At the acquisition date, the carrying amount of Claire's net assets was P100,000,000. At the acquisition date, a provisional fair value of P120,000,000 was attributed to the net assets. An additional valuation received on May 31, 2022 increased this provisional fair value to P135,000,000 and on July 30, 2022, this fair value was finalized at P140,000,000. What amount should Jared present for goodwill in its statement of financial position at December 31, 2022?