1 point 6. PEARS Company owned three investment properties. Details of the properties are as follows: Property 1 Property 2 Property 3 Initial Cost P2,700,000 3,450,000 3,300,000 Fair Value December 31, 2019 P 3,200,000 3,000,000 3,900,000 Fair Value December 31, 2020 P 3,500,000 2,800,000 3,400,000 Each property had an estimated useful life of 50 years. The accounting policy is to use the fair value model for investment properties. What is the carrying value of the investment properties that should be presented in the 2020 statement of financial position? Your answer 1 point 7. On January 1, 2019. LEMON Company purchased bonds with face amount of P6,000,000 for $6,309,000. The business model of the entity in managing the financial asset is to collect contractual cash flows that are solely payment of principal and interest and also to sell the bonds in the open market. The bonds mature on December 31, 2021 and pay 10% interest annually on December 31 each year with 8% effective yield. The bonds are quoted at 95 and 90 on December 31, 2019 and December 31, 2020, respectively. What amount of cumulative unrealized gain or loss should be reported in the statement of financial position on December 31 2020? (If loss, put a negative sign before the numerical answer)* Your