CASE 6 On January 1, 2014, Arneyow Company acquired 10% of the outstanding voting shares of Pee Yu Pi Incorporated for P900,000. These shares were designated as equity investments at fair value through other comprehensive income. On July 1, 2015, Arneyow gained the ability to exercise significant influence over financial and operating policies of Pee Yu Pi by acquiring additional 20% of the outstanding shares for P2,600,000. The two purchases were made at prices proportionate to the value assigned to Pee Yu Pi's net assets, which is equal to their carrying amounts. For the years ended December 31, 2014 and 2015, Pee Yu Pi reported the following: 2014 2015 Dividends paid P2,000,000 P3,000,000 Profit for the year 6,000,000 6,500,000 The fair values of the investments on December 31, 2014 and 2015 were P1,380,000 and P5,100,000, respectively. All dividends and net income were evenly incurred and paid during the period. 1. Amount taken in comprehensive income related to the investment at the end of 2014 is? 2. The initial cost of the investment in associate upon reclassification in 2015 is? 3. The carrying value of the investment in associate at the end of 2015 is