q5

please provide Complete solution/computation. thank you

Question 5 2 pts On January 1, 2020, an entity issued bonds with a face value of 10% P900,000 at 96. maturing January 1, 2025. Brokerage fees and other costs of issuance were P3,450. Interest is payable annually every December 31. Prevailing market rate for bonds of this type is determined to be 11.08%. Adjusted for the bond issuance costs, this rate is determined to be 11.19%. Determine total effect on 2020 net income due to transactions related to the bonds. (99.181) o 196,296) 0 193,450) 190.000