1. Lyka Company had the following bond investments held for trading during 2019. The fiscal period is the same as the calendar period.

• SMC-A bonds was purchased at face value of P100,000 last March 1, 2017, 4.82% per annum interest, receiving quarterly interest every June 1, Sept 1, Dec 1 and Mar 1.
• DD24 bonds was purchased at face value of P200,000 last July 1, 2017, 6.10% per annum interest, receiving quarterly interest every Oct 31, Jan 31, April 30 and July 31.
• Purchased on May 1, 2019 date of issuance of the SMPH-J bonds P100,000 face value for 95.3, 6.22% per annum coupon interest rate. Interest is received semi-annually every May 1 and Nov 1.
• Sold all the SMC- A bonds for 101 plus accrued interest on November 1, 2019
• On December 27, assuming the following are the quoted prices at year end based on data at www.pds.com.ph