On January 1, 2020, Alaska Corporation purchased P1,000,000 10% bonds for P1,051,510 (including brokers commission of P20,000). Interest is payable annually every December 31. The bonds mature on December 31, 2022. The prevailing market rate for the bonds is 9% at December 31, 2020.

If the bonds are classified as FA@FVTPL, the amount to be recognized as fair value adjustment loss in its 2020 profit or loss is

Group of answer choices

P13,900

P26,180

P33,900

P6,180