On January 2, 2017, the Lakers, Inc. issued P4,000,000of 8% convertible bonds at par. The bonds will mature on January 1, 2021, and interest is payable annually every January 1. The bond contract entitles the bondholders to receive 6, P100 par value, ordinary shares in exchange for each P1,000 bond. On the date of issue, the prevailing market interest rate for similar debt without the conversion option is 10%.On December 31, 2018, the holders of the bonds with a total face value of P2,000,000 exercised their conversion privilege. In addition, the company reacquired at 110, bonds with a face value of P1,000,000

How much is the interest expense for the year 2018?

How much of the proceed from the issuance of convertible bonds should be allocated to equity?

how much is loss on bonds reacquisition on december 31, 2028?

the conversion of bonds on december 31, 2018 will increase share premium by?