Can someone help me find the answer and solutions for these questions?

1. 

Rommel Company included the following in inventory at year-end: Merchandise out on consignment, at sale price, including 40% markup on selling price 400,000 Goods purchased in transit shipped FOB shipping point 360,000 Goods held on consignment by Rommel Company 270,000 By what amount should be the inventory be reduced?Tender Company accepted from a customer a P 4,000,000, 90-day, 12% note dated August 31, 2019. On September 30, 2019, the entity discounted without recourse the note at 15%. However, the proceeds were not received until October 1, 2019. What amount was received from the note receivable discounting?Tender Company accepted from a customer a P 4,000,000, 90-day, 12% note dated August 31, 2019. On September 30, 2019, the entity discounted without recourse the note at 15%. However, the proceeds were not received until October 1, 2019. What amount should be reported as loss on note receivable discounting