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On July 1, 2018, Alpha Co. acquired most of the outstanding voting stocks of Roger Co. for cash. The incomplete working paper elimination entries on that date for the consolidated statement of financial position of Alpha Co. and its subsidiary are shown below:

Common stock - Roger	1,500,000
Share premium - Roger	937,500
Investment in Roger		1,584,375
Non-controlling Interest		853,125
Inventories	62,500
Equipment	312,500
Patent	61,250
Investment in Roger		?
Non-controlling Interest		?
Goodwill	?
Investment in Roger		185187.5
Non-controlling Interest		?

Included in the purchase price is a control premium of P68,750.

(a) Compute for the amount of goodwill to be reported in the consolidated statement of financial position on July 1, 2018 assuming non-controlling interest is measured at fair value. the fair value of the non controlling is 975000

(b) Compute for the amount of goodwill to be reported in the consolidated statement of financial position on July 1, 2018 assuming non-controlling interest is measured at the proportionate share.

(c) How much is the fair value of the identifiable net assets of Roger Co. on July 1 2018?

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