Please find:

-Consolidated Net Income

-Controlling interest in consolidated net income

-Non-controlling interest in

-Subsidiary's Net Income

-Inventory

-Cost of goods sold

PP Corporation acquired 80 percent of the outstanding voting stock of SW Company on January 1,20x4, for Php420,000 in cash and other consideration. At the acquisition date, PP assessed SW's identifiable assets and liabilities at a collective net fair value of Php525,000 and the fair value of the 20 percent non-controlling interest was Php105,000. No excess fair value over book value amortization accompanied the acquisition. The following selected account balances are from the individual financial records of these two companies as of December 31,205. Assume that PP sells SW inventory of a mark-up equal to 40% of cost. Intercompany transfers were Php90,000 in 204 and Php110,000 in 20x5. Of this inventory, SW retained and then sold Php28,000 of the 20x4 transfers in 205 and held Php42,000 of the 205 transfers until 206