Question: X Corp. has an outstanding 7%, 10-year P5,000,000 face amount bond. The bond was originally sold to yield 6% annual interest. On January 1, 2022,

X Corp. has an outstanding 7%, 10-year P5,000,000 face amount bond. The bond was originally sold to yield 6% annual interest. On January 1, 2022, the carrying amount of the bond was P5,250,000. What is the carrying amount of the bond at the end of the year 2022? 4.785.000 0 5.250,000 5.215.000 5,000,000

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