Excel Corp. plans to dispose of a group of net assets that form a disposal group. The net assets at December 31, 2019, are Carrying amount Goodwill P 6,000,000 Property, plant, and equipment 18,000,000 Inventory 10,000,000 Financial assets at fair value 7,000,000 Financial liabilities (4,000,000) P37.000.000 Under applicable PFRSs, property, plant, and equipment would be stated at P16 million and inventory at P9 million. The fair value less cost to sell of the disposal group is P25 million. Assuming that the disposal group qualifies as held for sale, what is the amount to be presented in the statement of financial position as assets classified as held for sale? c. P29,000,000 a. P37,000,000 d. P25,000,000 b. P34,000,000