On July 1, 2022, Blue Lions Company purchased 1,000 of the P1000 face value, 8% bonds for P910,000 plus accrued interest to yield 10%. The bonds mature on January 1, 2029, pay interest annually on January 1, and are classified as trading securities. On February 13,2023, Blue Lions Company sold all the bonds at 92 which was also the closing quoted price of the bonds on the immediately preceding year. At what amount did Blue Lions present these bonds in its Statement of Financial Position on December 31, 2022? 1. a. 0 b. 915,500 c. 921,000 d. 920,000 Black Eagles Company owned the following investments at year-end before fair value adjustments and amortization: FA FVTPL, FAFVTOCI, FA AC, 600,000 350,000 470,000 What total amount of noncurrent assets related to the investments should be reported at year-end? 2. a. 1,420,000 b. 950,000 c. 820,000 d. 470,000