On January 1, 2020, Blunt Co. purchased 50,000 ordinary shares of Powter Co. at P16 per share. The shares are classified as financial asset at fair value through other comprehensive income. Powter declared and paid dividends of P4 and P5 per share in 2020 and 2021, respectively. At the end of 2020 and 2021, Powter's shares were trading at P17 and P14, respectively. 1. Determine the dividend income recognized by Blunt on the equity instrument in 2020 and 2021. 2. Determine the carrying amount of the equity instrument on Blunt's statement of financial statement on December 31, 2020 and December 31, 2021. 3. Determine the unrealized gain or loss on change in fair value recognized by Blunt in its profit or loss statement for the year ended December 31, 2020 and December 31, 2021. 4. Determine the cumulative balance of the unrealized gain or loss recognized in the other comprehensive income of Blunt's shareholders' equity on December 31, 2020 and December 31, 2021. Exercise 4-7 On January 1, 2020, Levesque Co. purchased 500,000 ordinary shares of Rowland Co. at P14 per share, representing a 25% ownership in Rowland. This allowed Levesque to exercise significant control over Rowland. Rowland declared and paid dividends of P1 and P2 in 2020 and 2021, respectively. At the end of 2020 and 2021, Rowland's shares were trading at P15 and P17 per share. Rowland's net income in 2020 and 2021 was P2,400,000 and P3,200,000, respectively. 1. Determine the investment income recognized by Levesque in 2020 and 2021. 2. Determine the carrying amount of Levesque's investment on December 31, 2020, and December 31, 2021.