On January 1, 20x1, ABC Co. acquired 80% interest in XYZ, Inc. by issuing 5,000 shares with fair value of ₱15 per share. On this date, XYZ’s equity comprised of ₱50,000 share capital and ₱24,000 retained earnings. NCI was measured at its proportionate share in XYZ’s net identifiable assets. XYZ’s assets and liabilities on January 1, 20x1 approximate their fair values except for the following: XYZ, Inc.                                        Carrying amounts             Fair values           Fair value adjustments (FVA) Inventory                                             23,000                               31,000                          8,000 Equipment (4 yrs. remaining life)        50,000                                60,000                        10,000 Accumulated depreciation                  (10,000)                             (12,000)                       (2,000) Totals                                                     63,000                               79,000                       16,000 XYZ, Inc. declared and paid dividends of ₱6,000 during 20x1. There was no impairment in goodwill. The year-end individual statements of profit or loss are shown below: Statements of profit or loss For the year ended December 31, 20x1                                              ABC Co.           XYZ, Inc.  Sales                                     300,000          120,000  Cost of goods sold             (165,000)         (72,000)  Gross profit                         135,000           48,000  Depreciation expense         (40,000)          (10,000)  Distribution costs                (32,000)         (18,000)  Interest expense                 (3,000)                -    Dividend income                 4,800                 -        Profit for the year               64,800             20,000 How much is the profit attributable to: a.Owners of parent 68,000;   NCI  2,000 b.Owners of parent 64,800; NCI 5,200 c.Owners of parent 52,000; NCI 18,000 d.Owners of parent 57,200; NCI 12,800