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5 of 25 On January 1, 2019. Next Company purchased P1.000.000, 10% bonds for P927.880 (including broker's commission of P20.000) Next has a business

5 of 25 On January 1, 2019. Next Company purchased P1.000.000, 10% bonds for P927.880 (including broker's commission of P20.000) Next has a business model of holding assets to collect contractual cash flows and selling these assets if circumstances warrant. The bonds were purchased to yield 12% Interest is payable annually every December 31 The bonds mature on December 31, 2023 On December 31, 2019 the bonds were selling at 99 How much is the carrying amount of the investment in bonds on December 31 20197 OP916.534 P990 000 P961.628 P939 226

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