On January 1, 2021, Carrots Corporation purchased, as held-for-collection investment, P60,000 of the 8%, 5-year bonds of Cabbage, Inc. for P65,118, which provides a 6% market return. The bonds pay...

On January 1, 2021, Carrots Corporation purchased, as held-for-collection investment, P60,000 of the 8%, 5-year bonds of Cabbage, Inc. for P65,118, which provides a 6% market return. The bonds pay interest semiannually.

Instructions:

1. Prepare an amortization table from Year 1 through Year 5.


2. Show the presentation of investment account in the balance sheet as of December 31, 2023.