Use the following information on the next two items: At the end of the reporting period (December 31, 2019), Rain, Inc's vines are bearing developed ripe tomatoes. On December 31, 2019, the fair value less costs to sell of the vines with the soon-to-be harvested tomatoes attached is measured at P24,000. The initial cost of the vines was P5,500 and the cost of growing them during 2019 (planting, irrigation and fertilization) was P7.250. The entity harvested its tomatoes on January 3, 2020. The cost of harvesting the tomatoes is P1,000. The quoted price per kilogram of tomatoes is P50 and costs to sell are estimated at 1 per cent of quoted price. The entity harvested 500 kilograms of tomatoes. The life of a tomato vine is about 6 months. After harvest, the vines has come to the end of its life and its fair value is negligible. Based on the information above, answer the following questions: 1. The fair value adjustment gain to be recognized in 2019 profit or loss is? 2. The fair value adjustment gain on initial recognition of agricultural produce to be recognized in 2020 profit or loss is