Papa Corporation purchased 8,000 shares of Son Company for cash. The assets and liabilities of Son Company at the time of acquisition had their fair values as shown below:

Dook Values Jair Value PapaCorp. SonCo. Son Co. Compute for goodwill or (income from acquisition) assuming: 15. P3,150,000 cash investment (using full goodwill) 16. P2,900,000 cash investment (using partial goodwill) Using the same data above, determine the following: 17. NCl under full goodwill method if the cash investment is P3,150,000. 18. NCl under partial goodwill method is the cash investment is is P2,900,000