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Compute for the CARRYING VALUE of the investment as of December 31, 2019. The following transactions pertain to PARANGAWAMONA Corporation: Purchased 15,000 shares of the P100 par value ordinary shares of MAAWAKANA Corporation for P1,850,000 representing 25% interest on January 1, 2018. The net assets of MAAWAKANA are fairly stated at P8,200,000. It is the company's policy to account any excess to the undervaluation of land. MAAWAKANA reported net income of P820,100 for 2018 and a loss of P529,540 for 2019. MAAWAKANA issued 15% share dividend for 2018 and paid cash dividend of P375,000 on the ordinary shares on 2019 On January 5, 2020, sold 30% of its MAAWAKANA shares per share. at P175 Compute for the GAIN (LOSS) ON SALE of the investment for 2020 * The following transactions pertain to PARANGAWAMONA Corporation: Purchased 15,000 shares of the P100 par value ordinary shares of MAAWAKANA Corporation for P1,850,000 representing 25% interest on January 1, 2018. The net assets of MAAWAKANA are fairly stated at P8,200,000. It is the company's policy to account any excess to the undervaluation of land. MAAWAKANA reported net income of P820,100 for 2018 and a loss of P529.540 for 2019. MAAWAKANA issued 15% share dividend for 2018 and paid cash dividend of P375,000 on the ordinary shares on 2019 On January 5, 2020, sold 30% of its MAAWAKANA shares at P175 per share