Totman During 20x3, the "other revenues and gains" section of of Earnings and Company's Statement Comprehensive Income contains P5,000 in interest revenue; P15,000 equity in Harpo Co. earnings, and P60,000 total gain on sale of foreign operations. The total gain on sale of foreign operations includes P25,000 reclassification adjustment for cumulative translation gain. Assuming the reclassification adjustment relating to the sale of the foreign operation increased the current portion of income tax expense by P10,000, determine the net of tax amount of Totman's reclassification adjustment to other comprehensive income. 2. A company buys ten shares of securities at P2,000 each on December 31, 20x1. The securities are classified to be subsequently measured at fair value through other comprehensive income (FVOCI). The fair value of the securities increases to P2,500 on December 31, 20x2, and to P2,750 on December 31, 20x3. On December 31, 20x3, the company sells the securities. Assume no dividends are paid and that the company has a tax rate of 30%. What is the amount of the reclassification adjustment for other comprehensive income on December 31, 20x3?