10.)On January 1, 2020, Courage Company acquired 20% of the outstanding ordinary shares of an investee for P5,000,000. The carrying amount of the net assets of the investee equaled P20,000,000. At acquisition date, the carrying amounts of the identifiable assets and liabilities of the investee were equal to their fair value, except for the following: a.) equipment whose fair value was P2,000,000 greater than carrying amount and b.) inventory whose fair value was P1,000,000 greater than carrying amount. The equipment has a remaining life of 5 years and the inventory was all sold during the current year. The investee reported net income of P3,000,000 and paid P1,500,000 cash dividend at year-end. What amount should be reported as investment income in 2020