On May 1, 2021, Taurus Inc acquired most of the outstanding shares of Glock Co for cash. The incomplete working paper elimination entries on that date for the consolidated statement of financial position of Taurus Inc and its subsidiary are shown below: Stockholders' equity-Glock 2,437,500 Investment in Glock 1,584,375 Non-controlling interest 853,125 Inventories Equipment Patent Goodwill Investment in Glock Non-controlling interest 62,500 312,500 61,250 ? 468,750 ? The purchase price of Taurus Inc included a control premium of P68,750. Determine the amount of goodwill to be reported in the consolidated statement of financial position on May 1, 2021 if the non-controlling interest is assumed to be measured at fair value