PPP Corporation issued ordinary share capital with a par value of P675,000 and a market value of P1,050,000 to acquire the net asset of SSS Corp. in a business combination. Immediately before the business combination the book and fair values of the net identifiable assets of PPP and SSS are as follows: PPP SSS Book Value Book Value Fair Value 3,000,000 690,000 900,000 813,000 280,500 282,000 Assets Liabilities Determine the amount that should be reported as total assets of the combined entity immediately following the business combination