Please help me answer the given problems. Provide relevant and clear solution. Thank you

Problem No. 1

P company owns 80% interest in S Company. During 20x8, S sells merchandise to P for P150,000 at a profit of P30,000. On December 31, 20x8, 50% of this merchandise is included in P's inventory. Also during 20x8, P sells merchandise to P for P200,000 at a profit of P50,000 of which 25% of this merchandise is included in S's inventory on December 31, 20x8. Income statement information for P and S are summarized below:

	P Co.	S Co.
Sales	900,000	450,000
Cost of sales	450,000	300,000
Operating expenses	225,000	60,000

What is the controlling interest in consolidated net income for 20x8?

Problem No. 2

Madali Ltd. Owns 60% of the outstanding ordinary shares of Langto Ltd. Langto sells merchandise to Madali. Merchandise are priced to provide Langto with a gross margin of 20%. During 20x6, sales from Langto to Madali were P200,000. Madali' inventories contained P40,000 at December 31, 20x5 and P15,000 at December 31, 20x6 of merchandise purchased from Langto. Information of Madali and Langto for 20x6 on their separate-entity income statements were as follows:

	Madali	Langto
Beginning inventory	100,000	50,000
Ending inventory	110,000	55,000
Purchases	700,000	200,000

What is the cost of goods sold on the consolidated income statement for 20x6?