4. On January 1, 2020, Storm Inc. invested P2M cash in a joint venture for 50% interest. For the years ended December 31, 2020, 2021 and 2022, the joint venture reported the following net incomes/(losses) and dividend distributions: Year 2020 2021 2022 Net Income/(Net Loss) P1,000,000 Dividend Distribution P300,000 (P6,000,000) P4,000,000 P800,000 1 What is the share in net loss or investment loss to be reported by Storm Inc. for the year ended December 31, 2021? a 3,000,000 b 2,500,000 C 2,350,000 d 2,000,000 2 What is the book value of Investment in Joint Venture to be reported by Storm Inc. as of December 31, 2022?