Question: Hello, Tutor! I need help with my homework which is about Business Combinations. Preferred tutor should be from the Philippines: Problem 2: Samsong and Apol

Hello, Tutor! I need help with my homework which is about Business Combinations. Preferred tutor should be from the Philippines:

Hello, Tutor! I need help with my homework which
Problem 2: Samsong and Apol are trade partners. Samsong supplies electronic chips to Apol. During 2019, Samsong generated P145,000 of net income from January 1 to March 31. On March 31, 2019, Apol bought 90% of Samsong's outstanding capital for P650,000. All of Samsong's assets and liabilities had a fair values equal to book values except for an equipment which has a book value of P400,000 and a fair value of P500,000 with remaining life of 10 years. On the date of acquisition, shareholders' equity of the two companies were as follows: Apol Samsong Ordinary Shares 1,050,500 303,030 Retained Earnings 2,050,020 512,125 On December 31, 2019, Samsong reported a Net Income of P415,145 and paid dividends of P12,344 to Apol. Apol reported a Net Income of P567,789 and paid dividends of P215,345. During 2020, intercompany transactions were as follows: Apol purchased P562,500 worth of merchandise from Samsong (20% are still unsold at year end). Samsong purchased P265,300 worth of merchandise from Apol (15% are still unsold at year end). Samsong's gross profit is 25% on cost. Apol's gross profit is 25% on sales. On December 31, 2020, Samsong reported a Net Income of P645,546 and paid dividends of P56,456. Apol reported Net Income of P1,025,205 and paid dividends of P205,025. Compute the following: 11. 2019 CNI-NCI 12. 2019 CNI-Parent 13. Value of NCI as of December 31, 2019 14. Consolidated RE as of December 31, 2019 15. Consolidated Shareholders Equity as of December 31, 2019 16. 2020 CNI-NCI 17. 2020 CNI-Parent 18. Value of NCI as of December 31, 2020 19. Consolidated RE as of December 31, 2020 20. Consolidated Shareholders Equity as of December 31, 2020

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