1. At 1 January 2020, the revaluation surplus of Blengblong was P1,257,000. This was in respect of the companys head office. During the year to 31 December 2020, the value of the head office increased by a further P82,000. In the same period, the companys factory suffered an impairment of P90,000. What is the value of the revaluation surplus at 31 December 2020?

Group of answer choices

P1,339,000

P1,167,000

P1,249,000

P1,257,000