The correct answers for 11-12 are D and D. I just need help with the solutions. Thank you.

P Company acquired an 80% interest in s Company on January 1, 2011, for an amount equal to book value. S Company sold land to P Company in 2011 at a profit of P5,000. The land is held by the buying affiliate firm until 2013, when it is sold to an unaffiliated party for a profit of P6,000. s Company reported net income for 2011, 2012, and 2013 of P30,000, P40,000 and P50,000, respectively. 10. The parent's investment income for 2011 would be: a. P 24,000 c. P20,000 b. P 44,000 d. P 28,000 11. The 2013 consolidated income statement would reflect a gain on sale of land in the amount of a. P 25,000 c. P 6,000 b. P 5,000 d. P 11,000 12. The WPEE on December 31, 2013, concerning the intercompany sale of land would include: a. Debit Gain on Sale of Land, P5,000 b. Credit Land, P5,000 c. Credit Retained Earnings, P 6,000 d. Credit Gain on Sale of Land, P5,000