On April 1, 2016, Buguias Co. acquired 4-year bonds with a face value i PROBLEM 15-2 Acquisition of FAAC Term Bonds in Between Interest Dats P2,000,000 and stated interest of 10% per year payable...

Pls answer number 1 and 2. Show your solution

Extracted text: On April 1, 2016, Buguias Co. acquired 4-year bonds with a face value i PROBLEM 15-2 Acquisition of FAAC Term Bonds in Between Interest Dats P2,000,000 and stated interest of 10% per year payable annually on Decem 31. The bonds were acquired to yield 12%. The bonds are to be appropræz; P2,000,000 and stated interest of 10% per year payable annually on Deca 31. The bonds were acquired to yield 12%. The bonds are to be appror classified as financial asset at amortized cost. Questions: Based on the above data, answer the following: (Round off present value fa to four decimal places) How much is the purchase price of bonds on April 1,2016? P1,884,814 b. P1,878,460 1. c. P1,834,814 d. P1,934,814 a. 2. How much is the interest income for 2016? P150,000 b. P169,061 c. P173,911 d. P85,578 a.