Use the following information for the next five questions: On June 30, 20x1, Cockroach Co. acquired 75,000 of Nymph Co.'s 100,000 outstanding equity shares with par value per share of ?4 for?16 per share. At the time of acquisition, the retained earnings of Nymph were ?320,000. The quoted price of Nymph's shares was ?14per share at acquisition date.

Additional information: . Included in the total assets of Nymph is land classified as investment property with a cost of P720,000. Its fair value at acquisition date was P800,000 and by June 30, 20x3 this had risen to P1,280,000. Nymph uses the cost model for its investment properties. However, the group's policy for investment properties is the fair value model. Also at acquisition date, Nymph's building classified as property, plant, and equipment had a fair value of P120,000 in excess of its carrying amount. The building's remaining useful life is 5 years at that date. The group's depreciation method is straight-line basis. . The inter-company current accounts included receivables and payables of P40,000 on June 30, 20x3. An impairment test at June 30, 20x3 concluded that consolidated goodwill was impaired by P80,000. Cockroach elected to measure NCI at the NCI's fair value. There have been no changes in Nymph's number of outstanding shares subsequent to date of acquisition. A summary of the individual statements of financial positions of the entities as at June 30, 20x3 is shown below: Cockroach Nymph Co. Co. 4,000,000 2,000,00 Total assets Total liabilities 800,000 480,000 Share capital 1,200,000 400,000 2,000,000 1,120,00 Retained earnings 0 Total liabilities and 4,000,000 2,000,00 equity 0