Styles 1. Compute for the current liability to be presented in the statement of financial position for calendar year ending 2019. * SAMPAGUITA Company entered into a lawsuit on December 20, 2019 and recognized on the same date a provision of P2,000,000. On February 28, 2020, when the financial statements for the year ended December 31, 2019 had not yet been authorized for issue, the case was settled and the court decided the final total damages to be paid by the entity at P3,000,000. In addition, the Company has a loan payable of P2,000,000 due on June 30, 2020. On January 1, 2020, before the authorization of the issuance of financial statements, the bank agreed to refinance the loan, extending the maturity to June 30, 2022. Also, another loan amounting to P7,000,000 due on December 1, 2020 was obtained by the Company from BPI. SAMPAGUITA Company has the discretion to refinance or roll over the loan for at least twelve months from December 31, 2020. 10,000,000 5,000,000 P12,000,000 4,000,000 2. The issue price that was attributable to the debt is. Your company has been engaged to examine the financial statements of DAISY Company for the years ended December 31, 2019 and December 31, 2020. You have been assigned to review the liabilities and shareholders' equity balances. You have learned that on January 1, 2019, DAISY Company issued a five year, 8% bonds P5,000,000 bonds for P5,500,000. Each P5,000 bond is convertible into 8 shares of P100 par ordinary share of DAISY Company, at the option of the bondholder Interest on bonds is payable annually on December 31. Without conversion feature, the bonds would have sold to yield 10% to the holders. (Round present value factors to four decimal places) 5,399,350 P 4,620,820 $5,000,000 25,420,000 3. What is the interest expense on these bonds for the year ending December 31, 20202 500,000 468,290 437,392 $ 400,000