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How do I solve for the following? thanks 1. CanWest Service Company sells service contracts for computer units that cover a two-year period. The sales

How do I solve for the following? thanks

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1. CanWest Service Company sells service contracts for computer units that cover a two-year period. The sales price for each contract is P750. CanWest's past experience shows that of the total pesos spent for repairs in service contracts, 40% is incurred evenly during the first contract year and 60% evenly during the second contract year. During 2020, CanWest sol 1,000 contracts. Cost of servicing the units (direct labor, materials, etc) during 2020 amounted to P80,000. How much Id the Unearned Service Contract Revenue to be reported on December 31, 2020? .. Centennial Co. has a 10%, P1,000,000 loan payable as of December 31, 2021 that is maturing on July 1, 2022. Interest on the loan is due every July 1, and December 31. On February 1, 2022, Centennial Co. entered into a refinancing agreement with a bank to refinance the loan on a long-term basis. Both parties are financially capable of honoring the agreement's provisions. Centennial's financial statements were authorized for issue on March 15, 2022. How much is presented as current liability in relation to the loan in Centennial's 2021 year-end financial statements? 3. On December 31, 2021, Seneca has a P1,000,000 note payable on demand. However, on December 31, 2021, thre is no indication that the payee on the note will demand payment over the next 12 months. How much is the current liability in relation to the note in Seneca's 2021 year-end financial statements? 4. Fanswe Company has an incentive compensation plan under which the President is to receive a bonus equal to 10% of income in excess of P1,000,000 before deducting income tax but after deducting the bonus. The income before tax and the bonus is P3,200,000. What is the amount of the bonus

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