The answer is P35,220,000. I just need the complete solution.

On October 1, 2021, FGH Corporation purchases an industrial building by an issue of P5,000,000 ordinary shares of P1 par each to the vendor. FGH Corporation's shares have been actively traded on the stock exchange but its quoted price has been erratic ranging from a low of P3.50 to a high of P13.50 for the year. On the date of purchase of the building. FGH Corporation's shares are quoted at P830. the company paid P220.000 transfer and legal cost in relation to the building. At the time of acquisition, the industrial building has a fair value of P35.000,000. on the existing use basis. At what amount should the building be initially recorded