On January 1, 2021, Lourdes Company purchased 10,000 ordinary shares of LTS Corporation, a large, publicly-traded company listed on a major stock exchange. In December, LTS distributed a 20% bonus...

Extracted text: On January 1, 2021, Lourdes Company purchased 10,000 ordinary shares of LTS Corporation, a large, publicly-traded company listed on a major stock exchange. In December, LTS distributed a 20% bonus issue when the par value was P100 per share and the market value was P500 per share. How much income should Lourdes Company report in 2021? (A) P1,000,000 B) PO P4,000,000 D) P200,000