Guess Company purchased 50,000 shares (5% ownership) of Fortune Company on January 2, 2020. Guess received a share dividend of 15% on March 31, 2020 when the market price of the share was Php 40. On November 30, Guess paid Php 20 per share special assessment on the shares. On December 15, 2020, Fortune paid a cash dividend of Php 8 per share.

1.1. How much was the total amount paid on the special assessment?

1.2. In the December 31, 2020 statement of comprehensive income of Guess Company, what amount should be reported as dividend income?