PROBLEM 11: On October 1, 2018, Medico Company purchased P2,000,000 face amount 12% bonds for 98 plus accrued interest and transaction cost. Interest is paid semi-annually every January 1 and July 1. Transaction cost was P50,000. 15. How much is the total amount paid by Medico Company to acquire the investment in bonds? A. 2,000,000 B. 2,010,000 C. 2,070,000 D. 2,090,000 16. At what amount should the investment in bonds be recorded if the company classified it as fair value through profit or loss, fair value through other comprehensive income and amortized cost, respectively? A. 1,960,000; 1,960,000; 2,010,000 B. 1,960,000; 2,010,000; 2,010,000 C. 2,020,000; 2,070,000; 2,070,000 D. 2,020,000; 2,020,000; 2,070,000