Victoria Corporation completed the following transactions relating to investment in Whirlpool Corporation ordinary shares, which Victoria Court acquired for trading purposes.

Year 1 (a) Purchased 1,000 shares (5% interest in voting shares) at P150 per share, plus transaction costs of P3,750.

(b) At year end, the Whirlpool Corporation ordinary shares had fair value of P180 per share

. Year 2 (a) Sold 500 of Whirlpool Corporation ordinary shares at P190 per share, incurring P1,000 transaction costs on the sale.

(b) At year end, the fair value of each share was P192