3. Patriotic Company purchased a machine for P6,000,000 on January 1, 2019 and received a government grant ofP600,000 toward the asset cost. The machine is to be depreciated on a straight line basis over 10 years with a residual value of P500,000 On January 1, 2021, the grant becomes fully repayable because of noncompliance with conditions. Required : Prepare the journal entry for 2019 and 2020 and 2021 assuming (20 pts) a) the grant is account for as a deferred income b) The grant is accounted for as a deduction from asset