3. How much is the interest income in 20x1? a. 68,331 b. 76,532 c. 85,714 d. 96,000 4. How much is the carrying amount of the receivable on December 31, 20x2? a. 800,000 b. 569,424 c. 637,755 d. 714,286

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Q: On January 1, 2022. TGIG sold equipment with historical cost of P10,000,000 and accumulated…

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A: Cost of equipment : P1,000,000 Accumulated depreciation : P300,000 Note receivable : P800,000 , 12%

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