Investment in Associates (IAS 28) Myra Company purchased 10% of Evita Company's 500,000 outstanding shares of ordinary shares on January 1, 2023, for P1,000,000 and appropriately classified this investment at FVOCI. Evita declared dividends of 2,000,000 in December of 2023 and the market value of this investment on December 31, 2023, is P1,500,000. On January 1, 2024, Myra purchased an additional 100,000 shares of Evita for P3,000,000. The book value of the net assets of Evita on that date was P14,000,000. The fair value of the net assets of the investee is equal to the carrying amount except for land and equipment whose fair value exceeded the carrying amount by P200,000 and P300,000, respectively. The remaining life of the equipment is 6 years. The land on January 1 was sold by Evita on November 2, 2024. Evita reported earnings of P3,000,000 for 2024 and paid dividends of P750,000. 1. How much is the investment income in 2023? 2. What is the goodwill from the acquisition on January 1, 2024? 3. How much is the 2024 investment income? 4. What is the total income from the associate in 2024? 5. What is the carrying amount of the investment in associate on December 31, 2024?