Problem 1. On January 1, 2020, a company issues a 5 year P1,000,000 15% bonds The effective interest rate for similar bonds is 12%. Interest on the bonds is payable semi annually on June 30 and December 31. At the date of issue, how much is debited to cash? (Use 6 decimal digit for PV factors, Round the answer up to nearest peso) Problem 2. Refer to Problem 1, Assume a reverse scenario regarding interest rates. How much should be the carrying amount of the bonds as of June 30, 2020?Round the answer up to nearest peso. Problem 3. Refer to Problem 2 with reversed interest rates (discount issuance). What is the discount amortization as of December 31, 2023?Round the answer up to nearest peso. Problem 4. Refer to Problem 1 (premium issuance). What is the interest expense as of year end 2022?Round the answer up to nearest peso. Problem 5. Refer to Problem 1 (premium issuance). What is the carrying amount of the bonds as of June 30 2024?Round the answer up to nearest peso