Please solve both parts.

Presumptuous Company revealed the following information pertaining to dividends from nontrading investments in ordinary shares during the year ended December 31, 2019: * The entity owned a 10% interest in Beal Company, which declared a cash dividend of P500,000 on November 30, 2019 to shareholders of record on December 31, 2019 and payable on January 15, 2020. On October 15, 2019, the entity received a liquidating dividend of P100,000 from Clay Mining Company. The entity owned a 5% interest in Clay Mining Company. What amount of dividend income should be reported for the current year