The following information were obtained in relation to the audit of the Investment Account of Domantas Company: Domantas Company has a single investment obtained on 1 January 2021 and it is a 5-year P4,000,000 debt investment with a stated rate of 12%, with the following information:

	Market rates
Jan 1, 2021	10%
Dec 31, 2021	9%
Dec 31, 2022	11%

The investment was designated at fair value through other comprehensive income based on the business model of the company. On December 31, 2022, the investment was reclassified to financial asset at amortized cost. The fair value on the date of reclassification was the same as the fair value on December 31, 2022.

Required:

1. How much is the UGL-OCI (cumulative) (to be presented in the Balance Sheet) for the period ending December 31, 2021?

2. Assuming that instead of being reclassified to FA-AC on 31 December 2022, the investment was reclassified to FA-FVPL, what amount of FA-FVPL should be recognized on the Balance Sheet dated 31 December 2022?

3. Assuming that instead of being reclassified to FA-AC on 31 December 2022, the investment was reclassified to FA-FVPL, what amount of gain or loss should be recognized on the Income Statement for the period ending 31 December 2022?