On October $1,2024,$ Cement sold $75\%$ of its ordinary shares for P$7,500,000.$ The fair value of the remaining

investment on such date is $P3,000,000$ and such investment was designated irrevocably at FVOCI. The fair

value of the remaining investment is $P3,700,000$ on December $31,2024.$ The dividends were declared and paid

by the investee on November $1,2023$ and December $31,2024.$

What is the carrying amount of the investment on October $1,2024$ before disposal?

a$.9,600,000$

b$.10,400,000$

c$.7,200,000$

d$.8,000,000$

What is the gain or loss on disposal on October $1,2024?$

a$.1,500,000$ gain

b$.2,100,000$ gain

c$.500,000$ loss

d$.300,000$ gain

What total amount of income is recognized in profit or loss for $2024?$

a$.4,600,000$

b$.3,300,000$

c$.3,900,000$

d$.1,500,000$