7. On January 1, 20x1, Dynamite Co. acquired P2,000,000, 12% bonds at 95. Dynamite paid broker's commission of P40,510 on the acquisition. Principal is due on December 31, 20x4 but interest is due annually every December 31. The bonds are measured at amortized cost. What is the effective interest . Use the fact pattern above. Dynamite Co. sold half of the bonds on Jan 1, 20x4 at 92. Dynamite Co. incurred broker's commission of P46,000. How much is the gain (loss) on the sale? Provide the journal entry rate? Antha