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The statement of financial position of BBM and Sarah on January 31, 2021, prior to a business combination are shown below BBM SARAH Cash

  

The statement of financial position of BBM and Sarah on January 31, 2021, prior to a business combination are shown below BBM SARAH Cash P50,000 P10,000 Accounts receivable 16,000 4,000 Merchandise inventory 30,000 16,000 Plant and equipment Goodwill 84,000 32,0000 10,000 2,000 Total Assets P190,000 P64,000 Current liabilities Long-term liabilities P34,000 P6,000 20,000 22,000 80,000 Ordinary share capital, P2 par Ordinary share capital, P1 par Paid-in capital in excess of par 8,000 20,000 6,000 Retained earnings 36,000 22,000 Total Liabilities and Shareholder's Equity P190,000 P64,000 BBM paid P46,000 for all the outstanding shares of Sarah. Assume that BBM share capital has a market value of P2.50 while Sarah's inventory and plant and equipment have a fair value of P20,000 and P38,000 respectively. Note: Input your answer with comma, no sign of peso (e. g. 145,000). If the answer is negative goodwill for instance, enclose it with parenthesis, e. g. (435,000). 12. How much is the goodwill (gain on bargain purchase) to be presented in the consolidated statement of financial position? 13. What are the total assets in the consolidated statement of financial position? 14. What is adjusted balance of inventory in the consolidated statement of financial position? 15. What is the adjusted balance of plant and equipment in the consolidated statement of financial position?

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