On July 1, 2020, Claire Company paid P1,198,000 for 10% bonds with a face amount of P1,000,000 to be held to maturity. Interest is paid on June 30 and December 31. The bonds were purchased to yield 8%. The entity used the effective interest method to recognize interest income from this investment. What is the carrying amount of the bond investment on December 31, 2020?* 1,198,000 0 1,195,920 1,193,050 O 1,207,900