1. Karen Company has the following transactions relating to its investments during 2018:

• January 5 - Acquired 10,000 shares of Klaire Company for Php 1,000,000 paying additional Php 20,000 for brokerage and another Php 5,000 for commission.
• February 14 - Received dividends from Klaire Company declared on January 2, 2018 to stockholders of record January 31, 2018 at Php 20,000
• On December 31, 2018 and 2019, the market value per share of Klaire Company stock is Php 95 and Php 120.

Required:Based on the above, prepare the journal entries assuming the investment is

1. Financial asset is measured through profit or loss
2. Financial asset is measured through other comprehensive income