On January 1, 2016, X-MEN Company purchased a quoted debt instrument for Php 8,711,250 and paid Php 277,700 transaction cost. The debt instrument pays a contract rate of 5% on the face value of Php 10,000,000 at the end of each financial year for five years. On January 1, 2016, the market interest rate is 8.25%, but the effective rate is 7.5%. At the end of each subsequent financial year, the market interest rates are as follows: December 31, 2016 - 8%: December 31, 2017-7%; December 31, 2018-6%; December 31, 2019-7%; December 31, 2020-8%. Round off PV Factors to four decimal places. Items 14 through 16 are based on the assumption that the bond investments are classified as investment at FVPL 200 14. How much is the initial carrying value of the investment on the date of acquisition? in 15. How much is the net amount taken to profit or loss for the year 2010? 16. At what amount should the bond investments be shown on December 31, 150 s statement of financial position