22 On January 1, 2022, Estrime Company purchases an investment property at a cost of P50,000,000 including transaction costs. On October 1, 2022, the fair value of property increases to P51,000,000. At December 31, 2022 the fair value of property is P47,000,000. The rental income received per quarter is P1,550,000. The property has a useful life of 50 years.   If the company uses the cost model, what is the net effect on the profit or loss for the year ended December 31, 2022 in relation to the investment property?  If the company uses the fair value model, what is the net effect on the profit or loss for the six months ended December 31, 2022 in relation to the investment property?

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