Problem 2 BASS Company purchased equity securities for P3,000,000 on January 1, 2020 to be accounted for as fair value through other comprehensive income (nontrading purposes). The equity securities were quoted at 96 on December 31, 2020 and at 116 on December 31, 2021. Requirements: (6 points) 1. Prepare the required journal entries from 2020 to 2021. (One point per journal entry.) 2. Compute the balance of the equity securities on December 31, 2020 and 2021. 3. Compute the amount to be presented in other comprehensive income statement on December 31, 2020 and 2021. 4. Compute the amount to be presented in statement of financial position-equity section on December 31, 2020 and 2021