Jalibee Corporation acquires ChawQueen Corporation. Prior to the acquisition Jalibee has a total earnnings of P 1,000,000 and 400,000equity shareswhile Chawqueenhas P450,000 earnings and 250,000 shares outstanding. Both shares have the same marketprice.The agreement involves a one is to one ratio, so 250,000 Jalibee shares will be traded. How much will the Jallibee Corporation's total earnings after the acquisition______. How many outstanding new shares will there be after the acquisition______.What is the new earnings per share_____