Gypsy Corporation had the following portfolio of equity investment at fair value through other comprehensive income at December 31, Year 2: Purchase Price FV 12/31/ Year 2 Dizon ordinary shares (5,000) P225,000 P250,000 Monterey preference (3,500) 133,000 140,000 Garcia ordinary shares (1,000) 180,000 178,000 On April 30, Year 3, Gypsy sold all the Dizon shares at P54 per share. In addition, on July 32, Year 3, 3,000 of Barney Corporation shares were acquired at P59. The December 31, Year 3 fair values were: Monterey, P135,000; Garcia, P190,000; and Barney, P200,000. Gypsy has the policy of transferring the equity account to retained earnings at the date the equity investment is derecognized. REQUIRED: (a) How much gain or loss shall be recognized on the sale of Dizon shares on April 30, Year 3? (b) What should be the cumulative balance of Unrealized Gains and Losses on Equity Investments at December 31, Year 3?