1. What is the purchase price of the bond investment?

2. What is the initial carrying amount of the bond investment?

3. What is the 2017 interest income?

4. What is the December 31, 2017 carrying amount?

5. What is the 2018 interest income?

6. What is the December 31, 2018 carrying amount?

7. What is the 2019 interest income?

8. What is the December 31, 2019 carrying amount?

9. What is the gain or loss on redemption on December 31, 2021?

10. If the entity changes its business model in 2018 to both collect contractual cash flows and to sell the financial asset, what is the carrying amount of the bonds on January 1, 2019?

11. If the entity changes its business model in 2018 to both collect and contractual cash flows and to sell the financial asset, what is the unrealized gain or loss in equity on December 31, 2019?

12. If the entity changes its business model in 2018 to hold the financial asset for trading purposes, what is the total or net amount recognized in profit or loss in 2019?

need answers asap please thank you!

An entity purchased 5-year debt instruments with a face value of P3,000,000 on January 1m 2017 to collect contractual cash flows that are solely payments of principal and interest. Interest is paid semiannually at a nominal rate of 12% that is paid every June 30 and December 31. The following information is provided as follows: DATE EEFECTIVE RATE WITHOUT EFFECTIVE RATE WITH TRANSACTION COST TRANSACTION COST 1/1/2017 16% 15% 12/31/2017 14% 14.5% 12/31/2018 10% 11% 12/31/2019 13% 14% 12/31/2020 15% 16.5% 12/31/2021 12% 12%