Victory Company completed the following nsactions relating to investment in Whirlpool Corporation ordinary shares. Victory did rut intend to hold the securities for immediate trading and exercised its option to designate them at fair value through other comprehensive income.

Year I

Purchased 1.000 shares (5% interest in voting shares) at P 150 per share, plus transaction cost of P3,750.

At year-end. the Whirlpool Corporstion ordinary shares value of P180 per Share.

Year 2

Sold 500 of Whirlpool Corporatn ordinary shares at P 190 per share. incurring P1,000 transaction the sale,

At year-end. the fair value of each share was P192.

Prepare entries for years 1 and 2 in the books of Victory Company.