Items 61 and 62 are based on the following :On January 1, 2020, Eritrea Company purchased 8% bonds with face amount of P12,000,000. The bonds mature on January 1, 2025 and were purchased for P13,005,000 to yield 6%. Interest is payable annually every December 31.The business model for this investment is to collect contractual cash flows composed of principal and interest and to sell the asset in the open market. The bond's FVs on December 31, 2020 and 2021 are P11,610,000 and P10,845,000, respectively. Effective rates on these dates are 9% and 12%, respectively. On December 31, 2020, the entity changed the business model for this investment to realize fair value changes. On January 1, 2021, the fair value of the bonds did not change.

61. What is the Unrealized loss - OCI for 2020?

62. What is the Unrealized loss - FVPL recognized on 12/31/2021?

Items 65 and 66 are based on the following On January 1, 2020, Lesotho Company purchased 10% bonds with face amount of P9,000,000. The bonds mature on January 1, 2030 and were purchased for P10,215,000 to yield 8%. The entity used the effective interest method of amortization and interest is payable annually every December 31. The business model for this investment is to collect contractual cash flows composed of interest and principal. On December 31, 2021, the entity changed the business model for this investment to realize fair value changes. On January 1, 2022, the fair value of the bonds was P8,535,000 at an effective rate of 11%.

65. What is the Loss on reclassification of financial asset on 1/1/2022?

66. What is the interest income in 2022?

Items 67 and 68 are based on the following: On January 1, 2020, Burundi Company purchased bonds with face amount of P8,000,000 for P7,602,000 including transaction cost of P402,000. The business model for this investment is to collect contractual cash flows which are solely payments of principal and interest. The entity did not elect the fair value option.The bonds mature on December 31, 2022 and pay 8% interest annually every December 31 with a 10% effective yield.On December 31, 2020, the entity changed the business model for this investment to collect contractual cash flows and to sell the financial asset in the open market. The bonds are quoted at 110 on January 1, 2021 and 120 on December 31, 2021.

67. What is the cumulative Unrealized gain-OCI as of 12/31/2021?

68. What is the carrying amount of the bond investment on 12/31/2021?

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