On July 1, 20x1, Santa Co. acquires P2,000,000 face amount, 10% bonds for P2,000,000 and classifies the investment as FVOCI. On Dec. 31, 20x1, the bonds are quoted at 98 and Santa Co. estimates 12-month expected credit losses of P10,000. What amounts (excluding interest) are recognized in profit or loss (P/L) and other comprehensive income (OCI) in 20x1? P/L OCI P/L OCI 10,000 30,000 c. 0 40,000 b. 30,000 10,000 d. 40,000 0 a