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Question 24 1.5 pts The following information pertaining to a 5-year P4,000,000 debt investment with a stated rate of 12% was taken from the
Question 24 1.5 pts The following information pertaining to a 5-year P4,000,000 debt investment with a stated rate of 12% was taken from the records of Domantas Company: Amortized Market Fair value cost rates January 1, 2021 P4,303,263 P4,303,263 10% December 31, 2021 4,253,589 4,388,766 9% December 31, 2022 4,198,948 4,097,749 11% The investment was designated at fair value through other comprehensive income based on the business model of the company. On January 1, 2022, the investment was reclassified to financial asset at amortized cost. The fair value on the date of reclassification was the same as the fair value on December 31, 2021. How much is the interest income for 2021?
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