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Use the following information to answer Nos. 38 to 40 : On January 1, 2022, Istanbul Company purchased 50,000 shares at P100 per share to be held for trading purposes. A P10 dividend per share had been declared on December 15, 2021, to be paid on March 31 , 2022 to shareholders of record on January 31,2022 . No other transactions occurred in 2022 affecting the investment. 38. What would be the initial measurement of the investment? a. 4,500,000 b. 5,000,000 c. 5,500,000 d. 6,000,000 39. Assuming the shares were purchased on February 1, 2022, what would be the initial measurement of the investment? a. 4,500,000 b. 5,000,000 c. 5,500,000 d. 6,000,000 40. What amount should be declared as dividend income for year 2021 ? a. 500,000 b. 5,000,000 c. 50,000 d. 0