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EXTRA Company purchased equity securities for P2,000,000 on January 1, 2020 to be accounted for as fair value through profit or loss (trading purposes). The equity securities were quoted at 110 on December 31, 2020 and at 115 on December 31, 2021 Requirements: (7 points) 1. Prepare the required journal entries from 2020 to 2021. (One point per journal entry.) 2. Compute the balance of the equity securities on December 31, 2020. 3. Compute the amount to be presented in profit or loss statement on December 31, 2020. 4. Compute the balance of the equity securities on December 31, 2021. 5. Compute the amount to be presented in profit or loss statement on December 31, 2021