ABC Co. engaged your services to compute the goodwill and purchase price for the acquisition of XYZ Corp. The following data are available for XYZ Corp.: Current Asset 6,000,000 Current Liabilities 3,500,00 Investments 2,500,000 Non-current liabilities 2,500,000 Property, Plant and Equipment 13,000,000 Ordinary shares 7,000,000 Share Premium 1,500,000 Accumulated Profits 7,000,000 Total Assets 21,500,000 Total Liabilities and Equity 21,500,000 You found out that the investments have a fair value of P2,000,000 and the current assets and property, plant and equipment are understated by P800,000 and P1,850,000 respectively. All other assets and equities are properly stated. An examination of the company's income for the last 4 years revealed that the total earnings amounted to P9,000,000. The said earnings include gain on sale during the last year of P100,000 and P150,000 annual bonus of the president. The normal rate of return is 10%. Compute for the goodwill (purchase of goodwill for 4 years). On January 1, 2019, HULA Co. provided these data concerning its defined benefit plan: Fair value of plan assets P9,500,000 Defined benefit obligation 12,000,000 Prepaid/accrued benefit cost - credit P2,500,000 The transactions for 2019 are as follows: Current service cost P1,800,000 Actual return on plan assets 1,100,000 Contribution to the plan 2,700,000 Benefits paid to retirees 2,000,000 Increase in defined benefit plan due to change in actuarial assumptions 150,000 Present value of defined benefit obligation settled 600,000 Settlement price of defined benefit obligation 800,000 Discount rate 10% How much is the Prepaid/accrued benefit cost on December 31, 2019