Please show the calculations in each number

Problem 1

On January 1, 2020 Iffy Corp. acquired 30,000 shares of ABC Corp's 100,000 shares outstanding for P5,000,000. The book value of ABC's identifiable net aseets on this date was at P14 000 000. All its assets carrying value approximated their fair values except for a depreciable assets with a remaining life of 5 years, which was undervalued on this date by P1 600 000. ABC reported total comprehensive income in 2020 at P4,000,000 which was net of a foreign exhange loss reported in as other comprehensive loss at P800,000. ABC also paid dividends at P1 500 000 at the end of the year, P500,000 of which is from pre-acquisition Retained Earnings. The fair market value of shares on this date was at P210 per share.

Requirements:

1. What is the carrying value of Iffy's investment in ABC shares as of December 31, 2020 using the appropriate accounting standards?

2. Assuming that Iffy Corp. is a medium-sized entity and that the company uses the fair value method inaccounting for its investment in ABC, how much in total should be recognized in Iffy Corp.'s profit or lossfor 2020?

3. Assuming that Iffy Corp. sold 18,000 shares of its ABC shares investment on December 31, 2020 at its prevailing fair value, how much in total should be recognized in the profit or loss as aresult of thetransaction?

4. Using the information in the previous item, how much shall be the carrying value of any remaining investment as of December 31, 2020?

5. Assuming that ABC issued 25,000 shares to other stockholders on December 31, 2020 at prevailing fair value without Iffy Corp's participation, how much should be recognized in the profit or loss as a result of the transaction/event?

Problem 2

My San Inc.'s portfolio of debt securities at Dec. 3, 2015 and Dce. 31, 2016 are shown below. All the bonds were acquired by the company at the beginning of 2015. 31-Dec-15 31-Dec-16 FACE VALUE ACQUISITION COSTS AMORTIZED COSTS FAIR VALUES AMORTIZED COSTS FAIR VALUES 12%, ABC Corp. 1,000,000.00 1,063,397.00 1,049,737.00 1,024,437.00 1,034,711.00 1,052,773.00 10%, DEF Inc. 2,000,000.00 1,903,926.00 1,932,398.00 1,965,750.00 1,964,286.00 2,018,348.00 12%, GHI Co. 3,000,000.00 3,190,191.00 3,149,211.00 3,073,311.00 3,104,132.00 3,158,320.00 TOTALS 6,000,000.00 6,157,514.00 6,131,346.00 6,063,498.00 6,103,129.00 6,229,441.00 ABC Corp. and GHI Co. bonds were acquired at prevailing market rate of interest at 10%, while DEF Inc. bonds were acquired at an effective rate of 12%. The bonds had prevailing market rate of interest at the end of 2015 and 2016 applicable to the bonds were 11% and 9% respectively