1. Chicken Cube Co. (CCC) has the following equity investment portfolio on December 31, 2018:

Requirements: a. What amount should be reported as unrealized gain or loss in 2018? b. What is the gain or loss on the sale of AAA Co. investment? c. What amount should be reported in the income statement for the year a 2019? d. What should be reported as loss on sale of trading securities in 2020? e. What amount should be reported in the income statement for the year a 2020?

Investment DDD Co. FFF C Totals Quantity 1000 shares 2000 shares 2000 shares Fair Value 126,000 63.000 216.000 405.000 Cost 120,000 45.000 180,000 345.000 During the year 2019, CCC purchased 2000 more shares of DDD Co and 1,000 shares of Xxx Co. The company have decided to sell its 1000 shares of AAA Co for P116, 400. The equity securities portfolio of OCC for December 31, 2019 consisted of the following: Investment Quantity Fair Value Cost DDD Ca, 2000 shares 60,000 45,000 DDD Ca. 2000 shares 120,000 99,000 FFF Co. 2000 shares 66,000 216,000 XXX Co. 1000 shares 36,000 48,000 Totals 282.000 408.000 Daring 2020, CCC sold 4000 shares of DDD Co. for P117.900 and 500 shares of XXX Co. at a loss of P8,000. On December 31, 2020, OCC equity investment portfolio consisted of the following: Investment Quantity Fair Value Cost FFF Co. 2000 shares 246,000 216,000 XXX Co. 500 shares 18,000 24.000 Totals 264.000 240,000