On January 1, 2012, Sisterakas Corporation purchased P4,000,000 10% bonds for P3,711,520. Sisterakas plans to hold the investment in bonds to maturity. However, if the market interest rates fall sufficiently, Sisterakas will consider selling the investment in bonds to realize associated gain. The bonds were purchased to yield 12%. Interest is payable annually every December 31. The bond mature on December 31, 2016. On December 31, 2012 the bonds were selling at 99. On December 31, 2013, Sisterakas sold P2,000,000 face value bonds at 101, which is the fair value of the bonds on the date, plus accrued interest. Under PAS 39, the unrealized gain to be recognized as component of equity on 12/31/2012 is

On January 1, 2012, Sisterakas Corporation purchased P4,000,000 10% bonds for P3,711,520. Sisterakas plans to hold the investment in bonds to maturity. However, if the market interest rates fall sufficiently, Sisterakas will consider selling the investment in bonds to realize associated gain. The bonds were purchased to yield 12%. Interest is payable annually every December 31. The bond mature on December 31, 2016. On December 31, 2012 the bonds were selling at 99. On December 31, 2013, Sisterakas sold P2,000,000 face value bonds at 101, which is the fair value of the bonds on the date, plus accrued interest. Under PAS 39, the unrealized gain to be recognized as component of equity on 12/31/2012 is