Problem 5: On January 1, 2018, EXY company bought equity securities for a total amount of P90,000. The securities do not qualify as held for trading. EXY Company made an irrevocable election to classify the investment in equity securities as subsequently measured at fair value though other comprehensive income. FV 12/31/17 COST 50,000.00 FV 12/31/2018 55,000.00 ABC company, preference shares 60,000.00 CDE Company, ordinary shares 40,000.00 15,000.00 45,000.00 Total 90,000.00 75,000.00 100,000.00 Required: a. Compute for the unrealized gain or loss recognized in other comprehensive income on December 31, 2017 and 2018. b. Compute for the cumulative balances of gains (losses) presented in equity as of December 31, 2017 and 2018