Assuming that the bonds are reclassified Into financial asset at FVOCI, the initial entry on January 1, 2019 is? On January 1, 2017, ABC Company purchased 5.year bonds with face value of P4,000,000 and stated interest of 12% per year payable annually every December 31. The bonds were acquired to yield 10%. The following data relate to the bonds December 31, 2017 December 31, 2018 Acquisition cost Amortized cost Fair value Amortized cost Fair value P4, 303,263 P4,253,589 P1,388, 766 P4,198,918 P1,097,749 The prevailing market rate of interest applicable to the bonds at the end of market 2017 and 2018 are at 9% and 11% respectively. The prevailing market rate of interest on January 1, 2019 is also 11%. Assume that the above securities are properly classified as FVPL under PFRS 9: 4,097,749 4,068,501 Debit: Investment in Bonds - FVOCI Credit: Investment in Bonds - FVOCI O Debit: Investment in Bonds - FVPL Credit: Investment in Bonds - FVPL