Your accounting firm was engaged as the auditor of Chismosa Company for the examination of its financial statements for the year ended December 31, 2022. In the course of your review, you gathered the following information:

a. On May 1, 2021, Chismosa Company acquired P400,000 of Chismis Corporation 9% bonds for P440,000, inclusive of accrued interest. Interest on bonds is payable semiannually on June 30 and December 31, and bonds mature on December 31, 2026. The Chismis bonds belong to portfolio of Chismosas investments intended for profit taking opportunities, and this, are held for trading.

b. On October 1, 2022, Chismosa Company sold bonds of P100,000 for P109,000 inclusive of accrued interest.

c. On November 30, 2022, bonds of P120,000 were exchanged for 1,000 shares of Chismis Corporation P100 par ordinary share as held for trading. Interest was received on the date of exchange.

d. You obtained the following quoted prices of the securities:

December 31, 2021 Chismis bonds 107

November 30, 2022 Chismis ordinary share 140

December 31, 2022 Chismis bonds 108

December 31, 2022 Chismis share 143

Questions: Considering the above and the result of the audit, compute the following:

• Interest revenue for the year ended December 31, 2022 ?
• Unrealized gains and losses of the investment reported to profit or loss statement during 2022 ?
• Gain on disposal of the investments during 2022 ?
• Carrying value of the investments at December 31, 2021 ?
• Carrying value of the investments at December 31, 2022 ?