PMW is based in P-land where the currency is the P$. The company has prepared its group accounts. On 1 January 20X6, PMW acquired 75% of the 500,000 P$1 ordinary shares of its only subsidiary, SJL. At this date, PMW elected to measure the non-controlling interest in SJL at its fair value and the share price of one SJL share was P$1.60. At 1 January 20X6, SJL had retained earnings of P$420,000 and the fair value of SJL's net assets at acquisition was equal to their carrying amount. At 31 December 20X9, SJL's retained earnings are P$720,000 and goodwill has been impaired by P$80,000. What is the amount of non-controlling interest that the PMW group should include in its consolidated statement of financial position as at 31 December 20X9? Solution A.P$180,000 B.P$255,000 C.P$275,000 D.P$360,000