Question 12 2 points Save Answer On January 1, 2019, Daniel Company purchased ten-year bonds with a face value of P2,000,000 and a stated interest rate of 8% per year payable semiannually July 1 and January 1. The bonds were acquired to yield 10%. Present value factors are as follows: Present value of 1 for 10 periods at 10% 0.386 Present value of 1 for 20 periods at 5% 0.377 6.145 Present value of an annuity of 1 for 10 periods at 10% Present value of annuity of 1 for 20 periods at 5% 12.462 Compute the interest income in year 2019. Rounding rule: In amortizable table, round all non-exact amounts to the nearest peso or whole number. Intermediate and final non-exact amount, round them to the nearest peso or whole number