Problom 6: AMY Institution Company loaned P 16,500,000 to INTERCON Inc. on January 1, 2014. The initial loan repayment terms include a 10% interest rate plus annual principal payments of P 3,300,000 on January 1 of each year. INTERCON made the required interest payment for 2014 but did not make the P 3,300,000 principal repayment nor the interest payment for 2015. AMY is preparing its annual financial statements on December 31, 2015. INTERCON is having financial difficulty, and AMY has concluded that the loan is impaired. Analysis of INTERCON's financial condition on December 31, 2015, indicates the principal payments will be collected, but the collection of interest is unlikely. It is the policy of AMY Institution not to accrue interest on the year the loan is concluded to be impaired. (Use 4 decimal places for PV factor) The projected cash flows are: December 31, 2016 - P 5,250,000 December 31, 2017-P 6,000,000 December 31, 2018-P 5,250,000 13. What is the loan impairment loss on December 31, 2015? 14. What is the interest income to be reported by AMY in 20167 15. What amount relating to the loan shall be presented as part of current assets on December 31, 2016? 16. What is the carrying value of the loan on December 31, 2017? 17. What is the interest income in 2017? 18. What is the interest income in 2018