Can you please include some explanation, a little bit detailed so that I can fully understand. Thank you! (i hope the answers are right this time haha)

PROBLEM IV L Company is classified as SME. JL Company issued 120,000 shares of P10 par common stock with a fair value of P2,800,000 for all the net assets of FG Company. JL Company's retained earnings prior to business combination amounted to P500,000. JL Company incurred the following additional costs: Legal fees to arrange the business combination P25,000 Accounting and consultancy fees 12,000 Cost of printing and issuing new stock certificates 3,000 Indirect costs of combination 20,000 Finder's fees related with business combination 23,000 Immediately before the business combination in which FG Company was dissolved, FG's assets and equities were as follows: Book Value Fair Value Current assets P1,000,000 P1, 100,000 Plant assets 1,500,000 2,200,000 Total Assets P2,500,00 0 Liabilities 300,000 Common stock 2,000,000 Retained earnings 200.000 Total Equities P2,500,000 1. The amount of goodwill or (gain from a bargain purchase) resulting from the business combination is: 2. The retained earnings immediately after the business combination is: PROBLEM Y The stockholder equity section of P Company and S Company on January 1, 2015 is given on the other page: P Company 5 Company Capital stock, P10 par P1,500,000 P800,000 Additional paid in capital 200,000 400,000 Retained earnings 600,000 300,000 On this date, P Company issued 150,000 shares, P18 fair market value, for 80% of the outstanding shares of S Company. P Company paid P30,000 for printing and registering the new shares issued, P25,000 for legal and other professional fees, P25,000 for CPA audit fees and P10,000 for miscellaneous direct costs. On this date, S Company identifiable assets and liabilities carrying values are equal to their fair market values except for Inventories which is P100,000 less than its carrying value. The business combination is between two SMEs. 1. The amount of goodwill to be recognized is: 2. The stockholder's equity to appear in the consolidated balance sheet on date of acquisition is