Answer question no. 13 and 14. Kindly show your solution clearly.

13. Sun Co. accounts for its 8% interest in the 100,000 outstanding shares of Day Co. as held for trading securities. The investment has a carrying amount of P800,000 on Jan. 1, 20x1. On May 1, 20x1, Sun Co. acquires additional 12,000 shares of Day Co. at P90 per share, the fair value on this date. The acquisition results in Sun Co. obtaining significant influence over Day Co. Day Co.'s total outstanding shares remain at 100,000. Day Co. reports 20x1 profit of P3,300,000 (earned evenly during the year) and declares and pays P600,000 cash dividends at year-end. Day Co.'s shares are quoted at P92 per share on Dec. 31, 20x1. How much are reported in Sun Cols Dec 31, 20x1 financial statements for the following? Investment in associate 1,620,000 1,840,000 2,208,000 2,120,000 Share in profit of associate a. 660,000 b. 660,000 c. 528,000 d. 440,000 14. The Michi Company owns 40% of The Nipigon Company. On 31 December 20X7, Nipigon sold to Michi a non-current asset for P1,020,000. The carrying amount in Nipigon's books on 31 December 20X7 was P820,000. The consolidated statement of financial position has been drafted without any adjustments in relation to this non-current asset. Under PAS 28, what adjustments should be made to the consolidated statement of financial position figures for non-current assets and retained earnings? Non-current assets Retained earnings a. Reduce by 200,000 Reduce by 200,000 b. Reduce by 80,000 Reduce by 80,000 c. Reduce by 80,000 Reduce by 32,000 d. Reduce by 200,000 Reduce by 80,000 Adapted)