On January 1. 2021, Family Company purchased 10% of San Company's 100,000 outstanding ordinary shares for P500,000. On July 1, 2021, San declared and paid total dividends of P200,000. On December 31, 2021, Family purchased an additional 20,000 shares of San for P1,500,000. San reported earnings of P3,000,000 for 2021. On December 31, 2021, the fair value of the 10% interest is 180% of the original cost. What amount should be reported as total income for 2021? O P520,000 O P420,000 O P400,000 O P900,000

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.