On June 30, 2018, Lyra Co. purchased 70% of the common stock of Arvie Co. for P700,000. At that date, Arvie had P650,000 of common stock outstanding and retained earnings of P250,000. All of the purchase difference was related to a building with a book value of P175,000 and a remaining life of 10 years. Lyra's retained earnings balance at December 31, 2017 was P550,000. The net income and dividend figures for both Lyra and Arvie for 2018 are as follows: Net Income Dividends Lyra Co. Jan 1 - June 30 120,000 July 1 - December 31 155,000 70,000 Arvie Co. Jan 1 - June 30 80,000 30,000 July 1 - December 31 100,000 13. On December 31, 2018, the consolidated retained earnings and NCI in the net assets of Arvie are: A. P821,500 and P328,500 B. P822,550 and P319,950 C. P821,500 and P300,000 D. P576,500 and P319,950