A Corp. purchased 40,000 ordinary shares of B Corp. on May 1, 20x1 at P150 per share, which reflected carrying value as of that date. B Corp. had 200,000 ordinary shares outstanding at the time of purchase and reported the following: YR 20x1 Profit P1,100,000; Cash Dividend paid to A Corp P200,000; Year-end FV of share P155 YR 20x2 Profit P1,200,000; Cash Dividend paid to A Corp P300,000; Year-end FV of share P165 YR 20x3 Profit P1,300,000; Cash Dividend paid to A Corp. P150,000; Year-end FV of share P170 On January 2, 20x3, A Corp. sold 20,000 ordinary shares of B Corp. for 160 per share. On this date, A Corp. exercised its option to measure the remaining securities at fair value through other comprehensive income. Compute for the following: (1) The gain or loss on sale of investment in associate on January 2, 20x3. (2) The unrealized gain or loss on the equity investment-OCI on December 31, 20x3.

a. (1) Gain on Sale of Investment in Associates P530,000 ; (2) Unrealized Gain on Equity Investment-OCI P330,000

b. (1) Loss on Sale of Investment in Associates P530,000 ; (2) Unrealized Loss on Equity Investment-OCI P330,000

c. (1) Gain on Sale of Investment in Associates P493,333 ; (2) Unrealized Gain on Equity Investment-OCI P293,333

d. (1) Loss on Sale of Investment in Associates P493,333 ; (2) Unrealized Loss on Equity Investment-OCI P293,333