Prince Inc. acquired 100,000 ordinary shares of Queen Gub. for Pensper share and 250,000 ordinary shares of King Inc. for Php 10 per Share on January 2, 2078 Both Queen forp, and 4 , lac havg, 1000,00 ordinary shares outstanding. The book values of the net assets qiqQueen, \&oip. and King incots ithacquisition date were Php 4,500,000 and Php 9,000,000, respectively. Thes spyalcis of the net assets of both Queen Corp. and King Inc. approximated their book valuespen the acquisition dite to cept for one of King's depreciable asset having a remaining life of 5 years, which was understarad by Php 500,000 Both securities are being held as long temm investments. Yourdhyestigation revealed the following changes in Retained Market values of shares: 12/31/2018 Php 7.00 per sh Php 12.00 per sh Market values of shares: 12/31/2019 Php 6.50 per sh Php 15.00 per sh Required: 3. The carrying value of investment in King inc. shares in 2019 is? 4. How much should be reported another comprehensive income/loss in the statement of compreherisive income for 2019 in relation to the investments? Prince Inc. acquired 100,000 ordinary shares of Queen Gub. for Pensper share and 250,000 ordinary shares of King Inc. for Php 10 per Share on January 2, 2078 Both Queen forp, and 4 , lac havg, 1000,00 ordinary shares outstanding. The book values of the net assets qiqQueen, \&oip. and King incots ithacquisition date were Php 4,500,000 and Php 9,000,000, respectively. Thes spyalcis of the net assets of both Queen Corp. and King Inc. approximated their book valuespen the acquisition dite to cept for one of King's depreciable asset having a remaining life of 5 years, which was understarad by Php 500,000 Both securities are being held as long temm investments. Yourdhyestigation revealed the following changes in Retained Market values of shares: 12/31/2018 Php 7.00 per sh Php 12.00 per sh Market values of shares: 12/31/2019 Php 6.50 per sh Php 15.00 per sh Required: 3. The carrying value of investment in King inc. shares in 2019 is? 4. How much should be reported another comprehensive income/loss in the statement of compreherisive income for 2019 in relation to the investments