Tealeaf Inc. purchased P1,000,000 face value, 10 % bonds for P1,095,557 on July 31 2015 a price which includes accrued interest and interest and yields an effective interest rate of 8% Interest is payable semiannually on Dec. 1 and June 1. The bonds mature on June 1, 2020. The company intends to collect the contractual cash flows from the bond maturity and did not exercise its option to measure the debt Compute the following: 1. Interest revenue for the year 2016. 2. Interest receivable at December 31, 2016. & 13 3. Carrying value of the investment at December 31, 2016. 3. Carrying Value of investment at Dec. 31, 2016