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5. Quinn, Inc. has a debt nyastment in the bonds issued by Blake Company. The bonds were purchased at par tot P800,000 and, at the end of 2018, have remaining Life of 3 years with annual Interest payments at 105. paid at the end of each year. This debt investment is classified as hold-for- collection. Blake is facing a tough economic environment and informs all of its investors that it will be unable to make all payments according to the contractual terme. The controller of Quinn, Inc. has prepared the following revised expected cash flow forecast for this bond investment. Al cash flows will take place on December 31. The market rate of interest December 31, 2018 for investients of similar risk is 128. What amount of 10ss, 11 any, will Quinn, Inc. record on its investment in Blake Company bonds at December 31, 2018? Cash Flows 2019 P70,000 2020 70,000 2021 770,000 Total cash flows P 910,000