Ponce Products, Inc. purchased 60 percent of the stock of Solis Cream Company on January 2, 2012 for P180,000. On that date Solis reported retained eamings of P100,000 and had P200,000 of stock outstanding. Ponce's retained eamings was P400,000 at acquisition. Ponce accounts for its inyestment in Solis under the cost method. The companies recorded the following resulis for 2012 and 2013 : What amount of consolidated Cl attributable to parent and consolidated retained eamings will be reported in 2013