i need naswer now please 24 and 25

please

24. On September 1, 2017, Fantastic Company sold a piece of land in exchange for a 5-year note with face value of P4,000,000 and bearing interest at 12%. The note is due on August 31, 2022 and interest is payable every August 31 starting on August 31, 2018. What is the amount of interest income to be reported on the December 31, 2019 income statement? (The PV of 1 at 12% for 5 years is 0.56) a. P268,800 P480,000 b. P160,000 d. P640,000 C. 25. On December 31, 2018, Exciting Corporation sold for P150,000 an old machine having an original cost of P270,000 and a book value of P120,000. The terms of the sale were as follows: P30,000 down payment and P120,000 payable on December 31, 2021. The agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of transaction. What should be the carrying amount of the notes receivable on December 31, 2019 rounded to the nearest peso? (Round PVF to 4 decimals) a. P115,830 P156,255 b. P92,664 d. P101,004 G