10n September 1, 2022, ANIMO Company purchased 600 of the P1,000 face value, 9% bonds of Archer, Incorporated, for P625,000 (an 8% effective interest rate). The bonds, which mature on September 1, 2027, pay interest semiannually on March 1 and September 1. Assuming that ANIMO uses the effective interest method of amortization and that the bonds are appropriately classified as non-trading, the net carrying value of the bonds should be shown on ANIMO's December 31, 2022, statement of financial position at