Receivable 1with cash price equivalent Use the following information for the next two questions: On January 1, 20}: 1, ABC Co. sold inventory costing P1,800,000 with a list price of 32,200,000 and a cash price of F2,000,000 in exchange for a P2,400,000 noninterest-bearing note due on December 3 1, 2033. 1?. How much is the initial measurement of the receivable? a. 1,800,000 b. 2,200,000 c. 2,000,000 d. 2,400,000 13. How much is the carrying amount of the receivable on December 3 1, 20x1? a. 2,125,390 b. 2,135,341 c. 2,093,343 d. 2,000,000 Note with below-market interest (simple interest} - Principal due at maturity, interests due periodically 19. On January 1, 20x1, ABC to. sold machinery with historical cost of P5,000,000 and accumulated depreciation of 131,900,000 in exchange for a 3-year, 3%, F3,000,000 note receivable. Principal is due on January 1, 20x4 but interest is due annually every December 31. The prevailing interest rate for this type of note is 12%. How much is the carrying amount of the receivable on December 3 1, 20x1? a. 2,159,324 b. 2,249,324 c. 2,543,685 d. 3,000,000