In connection with the audit of the financial statements of DDD Company for the year ended December 31, 2020, you obtained the following analysis of the companys investment in stock.

DDD Company Analysis of Investments at Fair Value through Profit and Loss December 31, 2020

FFF Incorporated Ordinary and Preference Shares

Date Mar 11 Particulars Acquired 600 units of ordinary at P120 per unit. Each unit consists of one preference and ordinary shares. Debit

72,000 Credit Apr 3 Sold 400 shares of ordinary at P30 per share 12,000 Jun 3 Received share rights. Each right entitles the holder to purchase one share of ordinary share for P20 (memo entry).

Sep 5 Exercise 400 ordinary share rights to acquire 400 shares of ordinary share at P12 per share 4,800

Sep 29 Sold the remaining rights at P8 per right 3,200 You obtained the following market quotation from the PSE:

GGG Incorporated is authorized to issue only one class of stock and its outstanding ordinary share has remained at 30,000 throughout the year. GGG Incorporated net income for the first quarter of the current year is P80,000, and its net income for the year ended December 31, 2020, is P800,000.

Questions: 1. What is the carrying value of the investment in FFF Incorporated at December 31, 2020? 2. Compute the gain or loss on sale of FFF Incorporated on April 3, 2020. 3. How much is the cost of the new shares acquired through the exercise of the right for FFF Incorporated on September 5, 2020? 4. What is the carrying value of the investment in GGG Incorporated at December 31, 2020? 5. Total investment income of DDD Company at year-end.