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W. 0n Ianuary 1, 2013, CALI Corporation issued a 10% convertible bonds with a face value of F 4,000,000 maturing on December 31, 2022. Each P 1,000 bond is convertible into ordinary shares of CALI at a conversion price of P25 per share. Interest is payable half-yearly in cash. At the date of issue, CAL] could have issued nonconvern'ble debt with a ten-year term bearing a coupon interest rate of 11%. On lanuary 1, 2018, the convertible bond has a fair value of P 4,400,000. CALI makes a tender offer to the holders to repurchase the bonds for P 4,400,000. The holders of the P 2,000,000 bonds accepted the offer. At the date of repurchase, CALI could have issued non-convertible debt with a ve-year term bearing a coupon rate of 8%. On December 31, 2018, to induce the holders of the remaining bonds to convert the bonds promptly, CALI reduces the conversion price to F20 if the bonds are converted before March 1, 2019 [ie within 2 months). The market price of CALl's ordinary shares on the date the terms are amended is P32 per share. Determine the following: [1] Proceeds from the issuance of convertible bonds to be allocated to the equity component; [2] Carrying amount of the bonds on December 31, 2017,- [3] Amount to be recognized in prot or loss as a result of the repurchase of the bonds on january 1, 2018,- [4] Repurchase of the bonds on January 1, 2018 decreased equity by; and [5] Amount to be recognized in prot or loss as a result of the amendment of the terms on December 31, 2018