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POSSIBLE POINTS On January 1, 2021, ABC Co. acquired 12% P1.000.000 bonds for P1.049.737 The principal is due on January 1, 2024 but interest

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POSSIBLE POINTS On January 1, 2021, ABC Co. acquired 12% P1.000.000 bonds for P1.049.737 The principal is due on January 1, 2024 but interest is due annually starting December 31, 2021. The bonds are classified as investment measured at amortized cost. The yield rate on the bonds is 10%. On September 30, 2022, the entire bonds were sold at 110 Commission paid to the broker amounted to P10.000. How much is the gain (loss) on the sale? OP(77 686) OP77 686 P67 686) OP/22 314)

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