KINDLY ANSWER WITH COMPLETE SOLUTION AND EXPLANATION

23. QUESTION #20 Condensed statements of financial position of Care Corp. and Charm Corp. as of December 31, 2019, are as follows: Care Charm Current Assets P 43,750 P 16,250 Noncurrent assets 181,250 106,250 Total assets P225.000 P122.500 Liabilities P 16,250 P8.750 Common stocks, P20 par 137,500 75,000 Additional paid in capital 8,750 6,250 Retained earnings 62,500 32,500 Total Liabilities and SHE P225.000 P122.500 On January 1, 2020, Care Corp. issued 8,750 stocks with a market value of P25/share for the assets and liabilities of Charm Corp. The book value reflects the fair value of the assets and liabilities, except that the noncurrent assets of Charm has a temporary appraisal of P157,500 and the noncurrent assets of Care are overstated by P7,500. Contingent consideration, which is determinable, is equal to P3, 750. Care also paid for the stock issuance costs worth P8, 500 and other acquisition costs amounting to P4.750. On March 1, 2020, the contingent consideration has a determinable amount of P5,000. On June 1. 2020, the provisional fair value of the noncurrent assets of Charm increased by P2, 250. How much is the combined total assets at the end of 2020