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20. Colombia Company owned 20% of Bogota Company's preference share capital and 50% of the ordinary share capital. Bogota's Company's share capital outstanding comprised

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20. Colombia Company owned 20% of Bogota Company's preference share capital and 50% of the ordinary share capital. Bogota's Company's share capital outstanding comprised the following at year-end: 10% cumulative preference share capital Ordinary share capital 2,000,000 7,000,000 Bogota Company reported net income of P5,000,000 for the current year. What amount should be recorded as investment income for the current year?

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