Top Corporation has the following stock investment portfolio in its December 31, 2018 balance sheet: Acquisition Cost, FMV, Equity Securities excluding transaction costs December 31, 2018 AA Corp. 250,000 300,000 FVPL BB Corp. 500,000 475,000 FVPL CC Corp. 800,000 850,000 FVOCI DD Corp. 1,500,000 2,150,000 Associate All the investments were acquired at the beginning of 2018. Transaction costs incurred was at 10% of the acquisition cost. Investment in DD Corp. represented 25% interest in DD's voting shares. DD reported a total comprehensive income of P2,000,000 in 2018 which is net of a foreign translation loss reported in its other comprehensive loss amounting to P500,000. DD also distributed a total of P200,000 in cash dividends in 2018. The company reclassified its investment in AA Corp. to financial asset at fair market value through other comprehensive income during 2019 when the prevailing market price aggregated to P350,000. The company also acquired additional shares of DD costing P500,000 at the beginning of the year, increasing the company's proportionate ownership to 30%. DD reported total comprehensive income of P2,500,000 which includes a foreign translation gain reported in its other comprehensive income amounting to P600,000 for 2019. The company also paid a P300,000 total dividends by the end of 2019. The following reflected the fair valuation of the investments as of December 31, 2019: Equity Securities Fair Market Value December 31, 2019 AA Corp. 350,000 FVOCI BB Corp. 525,000 FVPL CC Corp. 750,000 FVOCI DD Corp. 3,550,000 Associate