Extracted text: On January 3, 2021, ABC acquired 60% of the outstanding shares of JKL an excess of cost over book value of P3,000,000. This excess was allocated to property, plant and equipment with 10 years of estimated useful life which half was already use. For the year ended December 31, 2022, JKL prepared the following condensed financial statements: Statement of Financial Position Current Assets P2,250,000 Liabilities P1,000,000 Plant and 12,500,000 Share Capital Property, Equipment, net 8,500,000 Accumulated Profits 5,250,000 Total P14,750,000 Total P14,750,000 图 Statement of Accumulated Profits Accumulate Profits, Beg P5,000,000 Sales P2,500,000 Cost of Goods Sold (1,250,000) (750,000) P500,000 Operating Expenses Net Income (250,000) | P5,250,000 Dividends Accumulated Profits, End JKL regularly sells merchandise to ABC at a price of 120% of cost. In 2021 and 2022, sales from JKL to ABC are as follows: Sales-2021 for P2,100,000 (inventory sold by ABC 1,800,000) ; Sales -2022 P1,200,000 (inventory unsold by ABC P750,000). On December 31, 2022 compute for the non-controlling interest in Net assets. Compute for the Profit attributable to Equity Holders of Parent or Controlling Interest in Net Income.