The following is the statement of financial positions of S. Ltd. company on Jan 1, 20X1. Statement of financial position as of Jan 1, 20X1 S. Ltd Book value Total assets Liabilities Shareholders' equity Issued capital Retained earnings Total shareholders' equity 10,250,000 2,775,000 4,350,000 3,125,000 7,475,000 On Jan 1, 20X1, the fair values of S. Ltd' net assets are the same as the book values. P. Company acquired the net assets of S. Ltd by paying $185,000 cash and issuing 198,500 shares of P. Company to the shareholders of S. Ltd. P.'s shares are traded at $40/share at the time of the acquisition. P. Company also incurred the following unpaid expenses for the acquisition: Indirect costs Consultation fee Professional fees for the issuance of P.'s shares Printing costs for stock certificates $93,720 66,250 343,750 125,000 P. Company's retained earnings has a balance of $10,750,000 on Jan 1, 20X1 immediately prior to the acquisition. Required: Compute the following balance on Jan 1, 20X1 after considering all the transactions related to the acquisition. (1) Goodwill (2) Net increase or decrease in retained earnings of P. Company; (3) Net increase or decrease in the shareholders' equity of P. Company; (4) Net increase or decrease in the identifiable assets of P. Company.