Problem 5 At December 31, 2019, White Corp. reported as current assets the following equity securities classified as at Fair Value through Profit or Loss. Red Corp. 1.000 shares, P200 par convertible 10% preference share | P 450.000 Blue Inc., 6.000 ordinary shares 650.000 Yellow Co., 2,000 ordinary shares 550.000 Trading Securities, at fair value P 1,650,000 On January 2, 2020, White purchased 100,000 of P100 par ordinary shares of Green Corp. for P16,000,000 representing 25% of Green's outstanding ordinary shares and an underlying equity of P15.000,000 in Green's net assets at January 2. White had no other financial transactions with Green during 2020. As a result of White's 25% ownership of Green, White has the ability to exercise significant influence over Greens financial and operating policies. White had no intention of disposing of the Green Corporation ordinary shares within a period of 12 months. During 2020, White disposed of the following securities: a. Jan 17 Sold 2,500 shares of Blue for P130 per share. b. June 1 Sold 500 shares of Yellow, after a 10% bonus issue, for P210 per share. Oct 1 Converted 500 shares of Red's preference into 1.500 shares of Red's P100 par ordinary, when the market price was P160 per share for the ordinary. The following 2020 dividend information pertains to the shares held by White: a. On February 14, Yellow issued a 10% bonus issue, when the market price of Yellow's ordinary was P22 per share. b. On January 6 and October 6, Red paid semi-annual dividends preference share, to shareholders of record on March 9 and September 9, respectively. Red did not pay any dividends on its ordinary shares during 2020. C. On June 30, Blue paid a P5.00 per share dividend on its ordinary shares d. On March 31. June 30, Sep 30, and December 31, Green paid quarterly dividends of P2.50 per share on each of these dates. Green's profit for the year ended December 31, 2020, was P10,000.000. Fair value per share of the securities as of December 31. 2020 were as follows: Red Corp - preference P 460 Red Corp - ordinary 160 Blue Inc - ordinary 110 Yellow Co - ordinary 230 Green Corp - ordinary 175 Required: Prepare a schedule showing White's investments in financial assets at fair value through profit or loss. Prepare a schedule to show the carrying amount of White's investment in Green at December 31, 2020. Prepare a schedule showing dividend revenue earned for the year ended December 31, 2020. Prepare a schedule to compute the gains and losses on disposal of the securities during the year 2020. Prepare a schedule to compute the amounts taken to profit or loss as a result of measuring the securities at December 31. 2020