On January 1, 2020, Patsy Company purchased bonds with face amount of P4,000,000 for P4,206,000. The business model of the entity in managing the financial asset is to collect contractual cash flows that are solely payment of principal and interest and to sell the bonds in the open market. The bonds mature on December 31, 2022 and pay 10% interest annually on December 31 each year with 8% effective yield. The bonds are quoted at 95 on December 31, 2020. On June 30, 2021, the bonds are sold at 96 plus accrued interest. QI. What total amount of income from bond investment should be reported in 2020 statement of profit or loss? Q2. What amount of gain or loss from sale of bond investment should be reported in 2021 statement of profit or loss? (Round off to nearest whole number) Choose... Q3. What is the entry to record the sale of the bond investment? Please choose among the account titles below. A Cash B Financial Asset - FVOCI Retained earnings D Unrealized gain - OCI E Unrealized loss - OCI F Gain on sale G Loss on sale Interest income H