ON JANUARY 2, 2018, COBID COMPANY PURCHASED 25% OF ZHONGGO CO. ORDINARY SHARES, NO GOODWILL RESULTED IN FROM THE PURCHASE. COBID APPROPRIATELY CARRIES THIS INVESTMENT AT EQUITY WITH SIGNIFICANT INFLUENCE AND THE BALANCE AT ZHONGGO'S INVESTMENT ACCOUNT WAS 3.8 MILLION AT DEC. 31, 2018. ZHONGGO REPORTED A NET INCOME OF 2.4 MILLION FOR THE YEAR ENDED DECEMBER 31, 2018 AND PAID DIVIDENDS AMOUNTING TO 960,000 PHP DURING 2018. HOW MUCH DID COBID PAY FOR THE ACQUISITION (BEGINNING) FOR ITS INVESTMENT IN ZHONGGO? HINT: USE T-ACCOUNT