8. The following information relates to non— current investments that Dragon Company placed in trust as required byunderwriter of its bonds:Bond sinking fund balance, 1/ 1/ 14, P 2,000,000; Additional investment during 2014, P 500,000; Interest revenue,P 20,000; Administrative costs, P 15,000; Carrying value of bonds payable, P 3,000,000. What amount shouldDragon Company report in its December 31, 2014 balance sheet related to its non— current investment for bondsinking fund requirements?A. 2,000,000 B. 2,500,000 C. 2,505,000 D. 3,000,000