If Alpha Company acquired a 30% interest in Charlie Company on December 31, 2020 for P202,500 and during 2021 Charlie Company had net income of P75,000 and paid a cash dividend of P30,000, applying the equity method would give a debit balance in the Equity Investments account at the end of 2021 of O P217,500. O P225,000. O P216,000. O P202,500. Question 45 2 pts During 2020, Alpha Company purchased 20,000 investment in equity shares of Echo Corp. shares for P315,000 as trading investment. The fair value of these shares was P300,000 at December 31, 2020. Alpha sold all of the Echo shares for P17 per share on December 3, 2021, incurring P14,000 in brokerage commissions. Alpha Company should report a realized gain on the sale of shares in 2021 of O P26,000. O P40,000. O P25,000. O P11,000