1 - 2. What are the answers for these and how do I solve for the following problems? Thank you!

On January 1, 2020, 300 loaned to ACE Company, P1,000,000 with 10% interest and a term of ve vears. Direct origination costs incurred amounted to P27,500. Origination fees charged to ACE was P100,00. Effective rate is 12%. (Round-off answers to whole peso) 1. On January 1, 2020, at what amount should the Loan Receivable be debed? 2. What is the balance of the unearned interest income on December 31, 2021