On January 1, 2023, Andrei Company acquired 40% of the ordinary shares of an associate. On such date, assets and liabilities of the investee were recorded at fair value and the acquisition showed that goodwill of P1,000,000 was acquired. The investee reported net income of P8,000,000 for 2023.   In December 2023, the investee sold inventory costing P3,000,000 to Andrei Company for P5,000,000. The inventory remained unsold by Andrei Company on December 31, 2023.    On January 1, 2023, the investee sold an equipment to Andrei Company with carrying amount of P2,500,000 for P4,000,000. The remaining life of the equipment is 5 years.    What amount of investment income should be reported by Andrei Company for 2023?

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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.