PINK Company purchased 50,000 shares (5% ownership) of WHITE Company on January 2, 2020 at ₱34 per share. PINK received a stock dividend of 15% on March 31, 2020 when the market price of the share is ₱40. On November 30, PINK paid ₱20 per share special assessment on the shares. On December 15, 2020, WHITE paid a cash dividend of ₱8 per share. On December 31, the prevailing market price of the trading security is at ₱49 per share. What is the carrying value of the above investment on December 31, 2020?  ₱ 2,450,000 ₱ 3,105,000 ₱ 2,700,000 ₱ 2,817,500

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