1.On January 1, 2020, Myopic Company purchased bonds with face amount of 2,000,000 for P 1,900,000 including transaction cost of P 100,500.

The business model for this investment is to collect contractual cash flows which are solely payments of principal and interest.

The entity did not elect the fair value option. The bonds mature on December 31, 2022 and pay 8% interest annually every December 31 with a 10% effective yield.

On December 31, 2020, the entity changed the business model for this investment to collect contractual cash flows and to sell the financial asset in the open market.

The bonds are quoted at 110 on January 1, 2021 and 120 on December 31, 2021.

What is the unrealized gain for 2020?