1. On July 1. APPLE purchased a machine worth P21,000,000 subject to a 2% cash discount if paid within 120 days. Freight on the machinery amounted to P315,000. Construction of bases for such machine acquired amounted to $4.050.000. On November 15, APPLE paid the supplier of the machine. How much is the total cost of the machine to be reported in the year-end statement of financial position? Your answer 2. On April 1, 2020, BANANA Company purchased 9% bonds with a face value of P4,000,000 for P3.756,000 to yield 10%. The bonds are dated January 1, 2020, mature on December 31, 2029, and pay interest annually on December 31. The bonds are measured at amortized cost. What amount should be reported as interest income for 2020?* Your answer 3. On May 10, 2019. GUAVA Company received a grant of P8,000,000 from the British Government for the construction of a laboratory and research facility with an estimated cost of $10,000,000 and a useful life of 5 years. The facility was completed in early 2020. How much should GUAVA Company include in its 2020 income statement as income from the government