Case Problem: On January 1, 2018, Bakod Co. acquired a 4-year bond with a face value of P1,200,000 and started interest of 10% per year payable annually on December 31. The bonds were acquired to yield 12%. The bonds are to be appropriately classified as financial asset at amortized cost. Questions: Based on the above data, answer the following: (Round off present value factors to four decimal places) 1. How much is the purchase price of bonds on January 1, 2018? 2. How much is the interest income for 2018