A company is involved in a pending court case. The company's lawyers believe it is probable that the company will be awarded damages between P1,000,000 and P1,800,000, with P1,500,000 the most likely outcome. At year-end, the company should do nothing disclose the existence of a contingent asset with a range of P1,000,000 to P1,800,000. O record a contingent asset of P1,000,000. disclose the existence of a contingent asset for P1,500,000. Question 62 2 pts A company issued a P3,000,000. 6-year bonds dated January 1, 2021. with a stated interest rate of 11%. Interest on the bonds is payable annually every December 31 of each year. The company's bonds were sold to yield 14%. On May 1, 2022. the company retired P 1,000,000 face value bonds at 101. How much is the gain or loss on retirement of bonds taken to profit or loss? A company issued a P3,000,000, 6-year bonds dated January 1, 2021, with a stated interest rate of 11%. Interest on the bonds is payable annually every December 31 of each year. The company's bonds were sold to yield 14%. On May 1, 2022, the company retired P 1,000,000 face value bonds at 101. How much is the gain or loss on retirement of bonds taken to profit or loss? (Round off PV factor to 4 decimal places. Round off final answer to the nearest peso. Use negative sign (-) if loss.) Question 63 2 pts A company is considering two different proposals for computing the bonus for its new company president. The first plan states that the bonus would be equal to 6% of profits after the bonus but before tax have been deducted. The second method is based on profits after both tax and bonus have been deducted, at the rate of 12%. Income before income tax and bonus for 2021 is P 9,000,000. Income tax rate is 35%. How much is the amount of bonus under the first plan