14. On July 1,2020, Pell Cormpany purchosed Green Cormpony ten-year, 8% bonds with a face amount of P5000,0000 for P4,200,000 to be held as financial assets at omortized cost. The bondsmature on June...

Extracted text: 14. On July 1,2020, Pell Cormpany purchosed Green Cormpony ten-year, 8% bonds with a face amount of P5000,0000 for P4,200,000 to be held as financial assets at omortized cost. The bondsmature on June 30, 2026 ond poy interest semiannually on June 30 and December31. Using the interest method, Pell recorded bond discount amortization of P18.000 for the sixmonths ended December 31,2020. From this investment, Pell should report 2020 interest income of Q. 168,000 b. 182,000 C. 200,000 d. 218,000 6-12 X8%Y