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On December 31, 2021, FIVE Corporation signed an operating lease for a warehouse with Aye Company for ten years at P30,000 per year. Upon execution of the lease, Aye paid FIVE $60,000, covering rent for the first two years. FIVE closed its books on December 31 and correctly reported P60,000 as gross rental income in its 2021 income tax return.ONE Corporation provided the following information: Januarv 1 December 31 Fair value of plan asset ? 3,500,000 9 3,900,000 Market related value of plan assets 2,300,000 2,900,000 Contribution to the plan 280,000 Benefits paid to retirees 250,000