On July 1, 2022, Sinovac Company purchased as debt investments at fair value through profit or loss, P500,000 face value Covax 8% bonds for P455,000 plus accrued interest. The bonds mature on January 1, 2027 and pay interest annually on January 1. On December 31, 2022, the bonds have a market value of P472,500. On February 14, 2023, Sinovac sold the bonds for P460,000.

1.On December 31, 2022 statement of financial position, what amount should Sinovac report as debt investments at fair value through profit or loss?

2.What is the interest revenue reported by Sinovac for the year 2022?