At December 31,2020 Gojo Co Properly reported as current assets the following FAFV OCI Equity Securities: Type of shares At Cost Market Value Mahito Co. 1,000 shares, convertible preference 40,000 45,000 Hanami Co, 6000 Shares, Ordinary 60,000 60.000 Dagon Co, 2,000 Shares, Ordinary 55.000 66.000 Total P155,000 P171,000 At the start of 2021, Gojo Co purchased 100,000 shares of Yuji Co's Ordinary shares for 1,700,000, this represents 30% of Yuji's outstanding ordinary shares and an underlying equity of 1,400,000. Upon Inquiry of this transaction, a depreciable asset with a book value of 200,000 is Undervalued. The Following transactions happened during 2021 for the sale of Investments: January 18, Sold 2500 shares of Hanami Shares for P13 per share June 1, Sold 500 shares of Dagon, after a 10% stock dividend was received at P21 per share October 1, Converted 500 shares of Mahito Co's Preference share into 1,500 Ordinary shares when the Market Price was P21 per share, while Preference shares was at P50 The Following are dividends for 2021 from investments: February 14, Hanami issued a 10% Bonus Issue when the market price was P22 per share April 5 Mahito Co paid dividends of P1.20 per share on its preference share to & Oct 5 stockholders of record on March 9 and September 9, respectively. Mahito However did not distribute any dividends to Ordinary shares. June 30 Hanami paid a P1.00 per share dividend on its ordinary shares The Following pertain to the Investment in Yuji Co: Yuji Paid quarterly dividends of P0.50 per share on March 1, June 1, September 1, and December 1. Yuji's Net income for the year ended December 31, 2021 is 1,200,000