Your accounting firm was engaged as the auditor of Company X 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, Company X acquired P400,000 of Corporation Y's 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 Corporation Y bonds belong to the portfolio of Company X's investments intended for profit-taking opportunities, and these, are held for trading.

b. On October 1, 2022, Company X 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 Corporation Y P100 per 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 Corporation Y bonds :107

-November 30, 2022 Corporation Y ordinary share :140

-December 31, 2022 Corporation Y bonds :108

-December 31, 2022 Corporation Y share :143

Compute for the following:

1. Interest revenue for the year ended December 31, 2022

2. Unrealized gains and losses of the investment reported to profit or loss statement during 2022