The following two subsidiary accounts reflect the Trading Secur 2014 ities of LAMPEROUGE CORPORATION for the year Nunally Credit Date Feb. 22 Feb. 28 Transactions Purchase Raised to market value; Shares 2,000 Ref. CD Debit P190,000 offset credit to retained earnings Sale at P150 Stock dividend at par Sale at P110 GJ CR GJ CR 10,000 Mar. 15 June 30 July 15 1,000 1,000 1,000 P150,000 100,000 100,00O Suzaku Transactions Date Sep. 5 Sep. 28 Shares Ref CD Debit P1,000,000 Credit Purchase Cash dividend to stock of record September 15, declared August 15 Sale at P65 Purchase Cash collected for sale made on Nov. 10, after a Nov. 1 declaration of P5 20,000 Oct. 1 Oct. 5 Nov. 30 20,000 50,000 CR CR CD P50,000 1,000,000 2,500,000 cash dividend per share to sharehoiders of record as of December 1 CR CR 3,300,000 150,000 20,000 Dec. 15 Cash dividend received The above trading securities had the following fair values at December 31, 2014: Nunally Company Suzaku Corporation P50 per share 30 per share the n h sice ef unaly cars 15, 20141 A. PO B. P60,000 C. P55.000 D. P50,000 What is the gain on the sale of Nunally Company shares on July 15, 2014? A. PO 9. B. P60,000 C. P62,500 D. P65,000 10. What is the gain on the sale of Suzaku Corporation shares on October 1, 2014? A. P350,000 B. PO C. P400,000 D. P450,000 11. What is the gain on the sale of Suzaku Corporation shares on November 10, 2014? A. PO B. P2,200,000 C. P2,100,000 D. P2,300,000