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On January 1, 2021, ABC Co. acquires 25% Interest In DEF Co. for P800,000. DEF Co. reports profit of P1,000,000 and declares dividends of P100,000

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On January 1, 2021, ABC Co. acquires 25% Interest In DEF Co. for P800,000. DEF Co. reports profit of P1,000,000 and declares dividends of P100,000 In 2021. How much is the carrying amount of the investment in associate on December 31, 2021? O 800,000 O 1,250,000 O 1,000,000 1,025,000

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