Parent Company purchased 60% of Subsidiary company on January 2, 2022 for P3,930,000 when Subsidiary’s book value was P6,300,000.   On that day, the market value of the net assets of Subsidiary equaled their book values with the following exceptions:                                      Book Value      Market Value   Remaining Life Buildings                     P1,850,000       P1,600,000         20 years Equipment                     300,000             500,000         10 years  Subsidiary Company reported the following for 2022 and 2023:                         Net income (loss)         Dividends 2022                P750,000                     P100,000 2023                150,000                         50,000  1. How much is the net income attributable to non-controlling interest in 2023? 2. Using the fair value method, how much is the non-controlling interest as at December 31, 2023?

Parent Company purchased 60% of Subsidiary company on January 2, 2022 for P3,930,000 when Subsidiary’s book value was P6,300,000.   On that day, the market value of the net assets of Subsidiary equaled their book values with the following exceptions: 
                                    Book Value      Market Value   Remaining Life
Buildings                     P1,850,000       P1,600,000         20 years
Equipment                     300,000             500,000         10 years 

Subsidiary Company reported the following for 2022 and 2023:
                        Net income (loss)         Dividends
2022                P750,000                     P100,000
2023                150,000                         50,000 

1. How much is the net income attributable to non-controlling interest in 2023?

2. Using the fair value method, how much is the non-controlling interest as at December 31, 2023?