26-25 (AICPA Adapted) In auditing the records of Toronto Company for the year ended December 31, 2020, the following data are discovered; Machine A listed at P4,500,000 was acquired on Apri] 2020 in exchange for P5,000,000 face value bonds maturing on April 1, 2030. The accountant recorded the acquisition by a debit to machinery and a credit to bonds payable for P5,000,000. The bonds are unquoted. Straight line depreciation was recorded based on a five year life and amounted to P600,000 for 9 months. Machine B listed at P3,200,000 was purchased on January 1 , 2020. The entity paid P500,000 down and P250,000 per month for 12 months. The last payment was made on December 30, 2020. Straight line