Multiple Choice-Computational Use the following information to answer Nos, 31 and 33: On April 1, 2021, Mhelot Company purchased a piece of machinery, a unit of equipment and a set of furniture for a total cost of P18,000,000. At the time of acquisition of the assets, the machine had a fair value of P10,000,000; the equipment had a fair value of P7,000,000 and the furniture had a fair value of P3,500,000. 31. How much should be recorded as machinery value? a. 8,522,118 b. 8,780,488 c. 8,346,228 d. 8,804,108 32. At what amount would equipment be debited? a. 6,155,221 b. 6,202,141 c. 6,146,341 d. 6,204,351 33. At what amount would assets increase by? a. 20,500,000 b. 18,000,000 c. 16,000,000 d. 2,500,000