Not yet answered On December 31, Year 1, Penthouse Company held 1,000 ordinary shares of X Co. in its portfolio of long-term investments in equity securities. The shares were designated as at fair value through other comprehensive income. The shares had a cost of P150 per share and had a market value of P130 per share at December 31. Year 1. Marked out of 3.00 P Flag question During Year 2. Penthouse acquired the following investments, all of which were designated as at fair value through other comprehensive income: 900 ordinary shares of Y Co. for P180 per share and 800 ordinary shares of Z Co. for 220 per share. At the end of Year 2, market values per share were: X - P140; Y - P170 and Z - P200. The adjusting entry on December 31, Year 2 would: O a. decreased unrealized loss by P20,000. O b. decreased unrealized loss by P15,000. O C increased unrealized loss by P15,000. 0 d. increased unrealized loss by P35,000