W Electronics published the following balance sheet for December 31, 20x6.

Cash P100,000 Accounts payable P 70,000

Accounts receivable 210,000 Taxes payable 130,000

Inventory 360,000 Notes payable 500,000

Buildings & equipment 480,000 Common Stock 600,000

Goodwill 100,000 Addt'l paid-in capital 120,000

Investment in S Co. 530,000 Retained earnings 360,000

P1,780,000 P1,780,000

The balance sheet of S Co for December 31, 20x6 appeared as follows:

Cash P 40,000 Accounts payable P 10,000

Accounts receivable 80,000 Taxes payable 60,000

Marketable securities 50,000 Notes payable 130,000

Inventory 120,000 Common Stock 200,000

Buildings & equipment 210,000 Retained earnings 100,000

P500,000 P500,000

W acquired 80% of S Common stock on December 31, 20x6. The fair values of S's identifiable assets and liabilities were equal to book values, except for the following:

Book value Fair Value

Inventory P120,000 P190,000

Buildings & equipment (net) 210,000 410,000

Notes payable 130,000 120,000

Select the consolidated balances of the following accounts:

Retained earnings:

a. P460,000

b. P440,000

c. P380,000

d. P360,000

Common stock:

a. P800,000

b. P640,000

c. P760,000

d. P600,000

Notes Payable:

a. P620,000

b. P630,000

c. P596,000

d. P622,000

Inventory:

a. P536,000

b. P512,000

c. P480,000

d. P550,000

Goodwill:

a. P390,000

b. P100,000

c. P330,000

d. P182,500

Minority interest:

a. P112,000

b. P116,000

c. P60,000

d. P132,500

Accounts payable:

a. P80,000

b. P70,000

c. P72,000

d. P78,000

Total assets:

a. P2,102,500

b. P2,250,000

c. P2,180,000

d. P2,086,000

Stockholders' equity

a. P1,380,000

b. P1,320,000

c. P1,080,000

d. P1,140,000

Total liabilities:

a. P700,000

b. P892,000

c. P890,000

d. P200,000