Selected information from the separate and consolidated statements of financial position and statements of comprehensive income of P Company. and its subsidiary, $ Company., as of December 31, 2019, and for the year then ended is as follows: P Company S Company Consolidated Statement of financial position accounts Accounts receivable..... P 26,000 P19,000 P 42/000 30,000 25,000 50,000 Investment in $ CO... 67,000 Goodwill.... 30,000 Noncontrolling interest... - - 10,000 Stockholders equity. 154,000 50,000 154,000 Statement of comprehensive income accounts P200,000 P140,000 P300,000 Cost of goods sold........=:4: 150.000 110.000 225,000 Gross profit...==14# 50,000 30,000 75,000 Equity in earnings of $ Co. P9,000 Net income...... P36,000 P20,000 P36,000 Additional information During 2019, P Company sold goods to $ Company at the same markup on cost that P Co uses for all sales. At December 31, 2019, $ Co had not paid for all of these goods and still held 50% of them in inventory. P Company acquired its interest in $ Company five years earlier (as of December 31, 2019)