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1. How much is the total income (loss) presented in the P&L section of the Statement of Comprehensive Income for the year?2. How much is

1. How much is the total income (loss) presented in the P&L section of the Statement of Comprehensive Income for the year?2. How much is the carrying value of all investments at the end of 2018?

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At December 31, 2017, Honda Co. properly reported the following marketable equity securities as "trading securities' Cost Market Jazz. Corp 1,000 convertible P40,000 P44,000 preference shares City, Inc. 6,000 ordinary P60,000 P54,000 shares CRV co. 2,000 ordinary shares P55,000 P50,000 Total P155,000 P148,000 On January 2, 2018, HONDA purchased 100,000 shares of Mobillo Corp ordinary share for P2,000,000 representing 25% of Mobillo's outstanding ordinary shares and an underlying equity of P1,600,000 in Mobillo's net assets on January 2. During 2018, HONDA disposed of the following securities: Jan 18 sold 2,500 shares of City for Pll per share Jun 01 sold 500 shares of CRV for P20 per share Sept 01 sold 250 shares of Jazz's preference share for P32 per share The following 2018 dividend information pertains to stock owned by HONDA: Feb 14 CRV issued a 10% stock dividend, when the market price of CRV's ordinary share was P22 per share Apr 5 & Oct 5 JAZZ paid dividends of P2 per share on its preference shares to stockholders of record on March 9 and September 9, respectively. These dividends were declared on February 28 and August 31, respectively. Jun 30 CITY paid a P1 per share dividend on its ordinary share. Mar 1, Jun 1, Sep 1 and Dec1 Mobillo paid quarterly dividends of P0.50 per shares on each of these dates. MOBILLO's net income for the year ended December 31, 2018 was P600,000. Market value per share at the end of 2018 is similar to the market value at the end of 2017 except for investment in Mobillo which is P25 at the end of 2018

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