In line with audit of Corp. 's investment accounts as of December 31, 2019, you ascertained the follouring information : Investment type Investment in bonds Investment in stocks Audit notes: CV Per books a. b. c. The investment in bonds which shall mature on December 31, 2021 were acquired in January I, 2017 when the prevailing market rate of interest wag at 1296. Interest at is collectible from the bonds every December 31. The acquisition was recorded by the client as a debit to Investment in bonds at face value with the difference between the face value and the total consideration up to interest income. Interest collected from 2017 to 2019 were appropriately recorded. No other entry relating to the investment was made by the client. Further investigation revealed that the company business model with regard to debt securigr investment has an objective of collecting contractual cash flows. The prevailing market rate of interest was at 11%, and g. at the end of 2017, 2018, and 2019, respectively. The investment in stocks is for 40,000 shares of Telecom Corp. 's ordinary shares acquired on September 30, 2018. The shares were originally acquired at P 145 per share. The book value of the net assets of Telecom Corp. on this date was at P20M and its total outstanding shares was at 160,000. Telecom's depreciable assets with averaxe remaining life of 10 years were understated on this date. The fair value of Telecom Corp.'s shares were at P155 per share at the end of 2018. The company recorded the remeasurement (from the acquisition cost to fair value) of the investment at the end of 2018 and recognized the same as unrealized holding gain in the 2018 profit/logs. The only other entry made by the client related to the investment was the receipt of P2 per share dividend by the end of 2018 and P4 per share dividend in 2019 as dividend income. Further investigation revealed the following relevant information: Telecom Corp. N et income for the year Foreign exchange logs OCL Unrealized holding gain OCI Fair value Cost to sell 2018 155 per share 5 per share 2019 400,000 300,000 189 per share 4 per share