FAR FINAL PREBOARD KEY

1 C 36 B
2 D 37 C
3 B 38 B
4 A 39 D
5 C 40 C
6 C 41 B
7 B 42 D
8 C 43 D
9 B 44 A
10 B 45 C
11 B 46 C
12 B 47 B
13 B 48 C
14 A 49 D
15 A 50 D
16 C 51 B
17 B 52 D
18 A 53 D
19 C 54 D
20 C 55 A
21 B 56 C
22 C 57 C
23 A 58 A
24 B 59 A
25 C 60 C
26 B 61 D
27 B 62 D
28 A 63 C
29 A 64 A
30 B 65 B
31 D 66 C
32 C 67 A
33 D 68 B
34 B 69 A
35 B 70 C
5 Reported cash and cash equivalents, 12/31/2024
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Restricted compensating balance
Cash and cash equivalents, 12/31/2024

6 Bills and coins

PCV-January
PCF, 12/31/2024

Bills and coins

PCVs
Per count
Imprest balance
Shortage

7
Reported balances
Deposit in transit
Outstanding checks
Note collected by bank
Error in check
NSF check
Service charge
Adjusted CIB

11 % of ownership

Acquisition cost
Share in FVANIA
Sh. In CVANIA
Invty
Bldg.
Gain on acquisition

Share in RNI
Amortization-Invty
Amortization-Bldg.
 Gain on acquisition
Investment income

12 Acquisition cost
Investment income
Dividends
Investment in associate, 12/31/2024

13
Date:

12/31/2022
12/31/2023
12/31/2024
Investment in bonds, 1/2/2022

Date

1/1/2022
12/31/2022

17
Cash in bank
Petty cash
Notes receivable-trade
Accounts receivable
Inventory
Bond sinking fund
Accounts payable
Notes payable-trade
Bonds payable
Accrued expenses
Total

18 Net income
Decrease in inventory
Decrease in AR
Increase in PE
Decrease in AP
Decrease in AE
Depreciation
CF from OA
21 Revenues and gains
Sales
Interest revenue
Gain on sale of equipment
Revaluation surplus during the current year
Share in the profit of associate
Unrealized gain on equity investments at FVTPL
Unrealized gain on debt investments at FVTOCI
Total

Expenses and losses

Cost of sales
Interest expense
Selling costs
General and administrative expenses
Translation loss on foreign operation
Unrealized loss on debt investments at FVTPL
Unrealized loss on equity investments at FVTOCI
Total

Net income

22 Segments
A
B
C
D
E
F
Total

Minimum

23 1/1
2/1
4/1
7/1
WANOSO-basic

Profit
Dividends on PS
Profit attributable to OS
 Basic EPS

WANOSO-basic
7/1
WANOSO-diluted

Profit attributable to OS
After-tax interest on bonds
Adjusted profit

Diluted EPS

27 Inventory, 12/31/2022
Add: Purchases (705T + 5T – 10T)
Cost of goods available for sale
Less: Estimated cost of goods sold*
Estimated ending inventory
Reported inventory, 12/31/2023
Estimated inventory shortage, 12/31/2023

Collection on accounts receivable – 2023

Add: Accounts receivable, 12/31/2023
Total
Less: Accounts receivable, 1/1/2023
Credit sales – 2023
Add: Cash sales – 2023
Total sales – 2023
X: Cost ratio (1 – 0.40)
Estimated cost of goods sold

28
Beginning inventory
Purchases
Markup
Markdown
TGAS-Ave.

Sales
Normal shoplifting losses
CoGS-retail
 EI-retail
X: Cost ratio
EI-cost

29

30 Cost
Accum. Amort, 12/31/2023
CV, 12/31/2023

Amortization expense-2024

32 Franchise amortization
Franchise fee expense

35 FV, 12/31/2022
FV, 12/31/2021
Gain on FV change

36 Interest income on PA
Actuarial G(L) on PA
Actual return on PA

Net change in PA-2023

Interest income on PA
Contributions to the fund
Benefits paid
Actuarial loss on PA

37 Interest cost on DBO

Interest income on PA
Service costs
Retirement benefits expense

Net change in DBO-2023

Actuarial gain on DBO
 Benefits paid
Interest cost on DBO
Service costs

38 CV, 1/1
Purchases
Gain-Price change
Gain-Physical change
Sales
Harvest
Biological assets, 12/31

39 CV of NP
PV of modification (original EIR)
PV of principal
PV of interest
Difference
%
Assessment

CV of NP
PV of modification (prevailing)
PV of principal
PV of interest
Gain

40 Warranty expense to date, 12/31/2024

Actual warranty expenditures
Warranty liability, 12/31/2024

41 L1
L2
L3
Total provision

42 CV of bonds converted
BCPO exercised
Total
Total par value of shares issued
Share premium

43 Date
1/1/2022
 12/31/2022
12/31/2023
12/31/2024
12/31/2025

Call price
CV of bonds retired
Loss on retirement

44
45 No. of share options
X: Fair value of share options
Total compensation

Compensation to date
Less: Compensation recognized in
prior periods
Compensation expense

46 Date
47 1/1/2024
48 1/5/2024
1/16/2024
2/20/2024
2/25/2024
3/1/2024
4/1/2024
5/30/2024
6/15/2024
7/1/2024
8/1/2024
12/31/2024
Total

49 Unadjusted deficit
Reduction in inventory
Reduction in PPE
Write off of goodwill
Unrecorded liabs.
Adjusted deficit
 Existing SP
Remaining deficit to be wiped out
No. of shares
Par reduction

50 10% cumulative preference share capital, P100 par

Ordinary share capital, P10 par
Subscribed ordinary share capital
Subscription receivable – Ordinary
Share premium
Retained earnings
Treasury shares – ordinary, 10,000 shares
TSHE

Par value of PS
LP
Div in arrears
TSHE-PS

TSHE-OS
No. of OS outst.
BV per OS

53 DTL on TTD-2023
DTL on TTD-2024
DTL on TTD-2025
DTL, 12/31/2022

54 DTA on DTD-2023
DTA on DTD-2024
DTA on DTD-2025
DTA, 12/31/2022

Taxable income

Current ITE
Total ITE

55 Lease 1
56 PV of rentals
57 PV of RV-G
LL, 1/1/2022
 Payment to lessor
PV of dismantling
RUA, 1/1/2022

Lease 2
PV of rentals
PV of PO
LL, 1/1/2022
IDC
Lease incentives
RUA, 1/1/2022

58 Lease 1
59 FLR, 1/1/2022

Lease 2
PV of rentals
PV of RV-G
Sales/FLR, 1/1/2022
CoS
GP

60 15,000,000

61

64 Acquisition cost
CV of NA acquired
Eqpt.
Goodwill

Sh in RNI
Amort

Acquisition cost

GW Amort.
Investment in associate, 12/31/2024
65 Cost
Accum. Amort, 12/31/2017
CV, 12/31/2017
Amort.-2018
CV, 12/31/2018
RA, 12/31/2018
Impairment

66 Historical cost
Market value
Estimated cost to complete
Estimated selling cost
Replacement cost

Historical cost
Market value
SP-CTS-CTC
LOWER
 25,500,000
(4,000,000)
-
(1,200,000)
-
(430,000)
-
(3,200,000)
(2,500,000)
14,170,000

57,500
8,900
66,400

57,500
33,900
91,400
110,000
(18,600)

Book Bank
19,000,000 18,800,000
1,450,000
(700,000)
1,900,000
(540,000)
(760,000)
(50,000)
19,550,000 19,550,000

40%

540,000

360,000
90,000
150,000 600,000
(60,000)

600,000
(90,000)
(10,000)
 60,000
560,000

540,000
560,000
(60,000)
1,040,000

Collection on:

Principal Interest

3,000,000 1,080,000
3,000,000 720,000
3,000,000 360,000

Interest Interest Premium Collection on

collected income Amortization Principal

1,080,000 930,770 -149,230 3,000,000

Current assets Current liabilities

5,500,000 500,000
40,000
4,000,000
7,500,000 1,500,000
3,000,000
3,000,000
1,000,000 8,000,000
4,000,000
3,000,000
2,000,000
24,040,000 19,000,000

3,280,000
1,300,000
1,020,000
(510,000)
(925,000)
(400,000)
150,000
3,915,000
 19,000,000
500,000
200,000
-
700,000
250,000
-
20,650,000

12,000,000
300,000
1,000,000
600,000
-
140,000
-
14,040,000

6,610,000

Total Revenue Operating Profit Identifiable Asset Remarks:

20,000,000 3,600,000 40,000,000 Reportable
16,000,000 2,800,000 36,000,000 Reportable
12,000,000 2,400,000 28,000,000 Reportable
6,000,000 1,200,000 16,000,000 Reportable
9,000,000 1,400,000 14,000,000 Reportable
3,000,000 600,000 6,000,000
66,000,000 12,000,000 140,000,000

6,600,000 1,200,000 14,000,000

100,000 110,000
21,000 21,175
(5,000) (4,125)
35,000 19,250
146,300

2,926,000
400,000
2,526,000
 17.27

146,300
50,000 27,500
173,800

2,526,000
35,000
2,561,000

14.74

P160,000
700,000
860,000
-660,000
200,000
180,000
20,000

900,000
150,000
1,050,000
-125,000
925,000
175,000
1,100,000
60%
660,000

Cost Retail
700,000 1,000,000
4,100,000 6,300,000
700,000
-500,000
4,800,000 7,500,000 64.00%

5,900,000
100,000
6,000,000
Average
1,500,000
64.00%
960,000

4,200,000
(1,050,000)
3,150,000

630,000

468,750
350,000

75,000,000
60,000,000
15,000,000

1,007,000
(17,000)
990,000

1,060,000
(1,007,000)
(850,000)
780,000
(17,000)

920,000
(1,007,000)
583,000
496,000

658,000
65,000
 780,000
(920,000)
583,000

2,500,000
1,000,000
200,000
300,000
(400,000)
(100,000)
3,500,000

8,800,000

4,917,600
2,738,794 7,656,394
1,143,606
13%
Substantial

8,800,000

3,976,560
2,417,645 6,394,205
2,405,795

144,000
(90,000)
54,000

2,500,000
2,000,000
- Not probable
4,500,000

512,800
10,000
522,800
(500,000)
22,800

Int. paid Int. exp. CV

6,041,340
 600,000 483,307 5,924,647
600,000 473,972 5,798,619
600,000 463,890 5,662,508
600,000 453,001 5,515,509

2,400,000
2,206,204
193,796

2022 2023
50,000 50,000
76.5 63
3,825,000 3,150,000
1/3 2/3
1,275,000 2,100,000

0 -1,275,000
1,275,000 825,000

# of shares outst. Sh. Cap. Sh. Prem. RE

1,000,000 10,000,000 4,250,000 15,000,000
25,000 250,000 150,000
(410,000)
(125,000)
50,000 500,000 700,000
285,000 2,850,000 (2,850,000)
1,235,000
125,000 500,000
(800,000)
389,250 1,946,250 5,838,750 (7,785,000)
(596,850)
5,375,000
15,546,250 11,438,750 7,933,150
Appropr. (1,250,000)
Unappropr. 6,683,150

(60,000,000)
(8,000,000)
(11,000,000)
(6,000,000)
(5,000,000)
(90,000,000)
 50,000,000
(40,000,000)
1,000,000
(40)

2,000,000
1,200,000
400,000
100,000
300,000
240,000
80,000
4,060,000

2,000,000
600,000
400,000
3,000,000

1,060,000
150,000
7.07

22,400
54,400
43,200
120,000

32,000
20,400
14,400
66,800

1,080,000

324,000
377,200

-
6,340,000
680,000
7,020,000 5,722,000
 600,000
780,000
8,400,000 1,850,000 6,550,000

7,580,000
620,000
8,200,000 7,020,000
800,000
(200,000)
8,800,000 1,100,000 7,700,000
12,742,000 2,950,000 14,250,000

929,075 92,908 771,983

5,400,000
285,000
5,685,000 682,200 4,867,200
4,150,000
1,535,000 775,108 5,639,183

30% 15,000,000
13,250,000
750,000 14,000,000
1,000,000

6,000,000
(150,000)
5,850,000

15,000,000
5,850,000
(2,250,000)
(100,000)
18,500,000
 3,000,000
(900,000)
2,100,000
(700,000)
1,400,000
500,000
900,000

1,200,000
1,300,000
100,000
50,000
1,100,000

PFRS for SME PFRS for SE

1,200,000 1,200,000
1,300,000
1,150,000
1,150,000 1,200,000
 PV of 1 at CV,
Total
10% 1/2/2022
4,080,000 0.9091 3,709,128
3,720,000 0.8264 3,074,208
3,360,000 0.7513 2,524,368
9,307,704

Carrying
value
9,307,704
6,158,474
 2024
50,000
76.5
3,825,000
3/3
3,825,000

-2,100,000
1,725,000

TS

2,500,000

(1,250,000) 10

1,250,000 33,668,150
5 Reported cash and cash equivalents, 12/31/2024
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Compensating balance
Cash and cash equivalents, 12/31/2024

6 Bills and coins

PCV-January
PCF, 12/31/2024

Bills and coins

PCVs
Per count
Imprest balance
Shortage

7
Reported balances
Deposit in transit
Outstanding checks
Note collected by bank
Error in check
NSF check
Service charge
Adjusted CIB

11 % of ownership

Acquisition cost
Share in FVANIA
Sh. In CVANIA
Invty
Bldg.
Goodwill (Gain on acquisition)

Share in RNI
Amortization-Invty
Amortization-Bldg.
 Gain on acquisition
Investment income

12 Acquisition cost
Investment income
Dividends
Investment in associate, 12/31/2024

13
Date:

12/31/2022
12/31/2023
12/31/2024
Investment in bonds, 1/2/2022

Date

1/1/2022
12/31/2022

17
Cash in bank
Petty cash
Notes receivable-trade
Accounts receivable
Inventory
Bond sinking fund
Accounts payable
Notes payable-trade
Bonds payable
Accrued expenses
Total

18 Net income
Decrease in inventory
Decrease in AR
Increase in PE
Decrease in AP
Decrease in AE
Depreciation
CF from OA
21 Revenues and gains
Sales
Interest revenue
Gain on sale of equipment
Revaluation surplus during the current year
Share in the profit of associate
Unrealized gain on equity investments at FVTPL
Unrealized gain on debt investments at FVTOCI
Total

Expenses and losses

Cost of sales
Interest expense
Selling costs
General and administrative expenses
Translation loss on foreign operation
Unrealized loss on debt investments at FVTPL
Unrealized loss on equity investments at FVTOCI
Total

Net income

22 Segments
A
B
C
D
E
F
Total

Minimum

23 1/1
2/1
4/1
7/1
WANOSO-basic

Profit
Dividends on PS
Profit attributable to OS
 Basic EPS

WANOSO-basic
7/1
WANOSO-diluted

Profit attributable to OS
After-tax interest on bonds
Adjusted profit

Diluted EPS

27 Inventory, 12/31/2022
Add: Purchases (705T + 5T – 10T)
Cost of goods available for sale
Less: Estimated cost of goods sold*
Estimated ending inventory
Reported inventory, 12/31/2023
Estimated inventory shortage, 12/31/2023

Collection on accounts receivable – 2023

Add: Accounts receivable, 12/31/2023
Total
Less: Accounts receivable, 1/1/2023
Credit sales – 2023
Add: Cash sales – 2023
Total sales – 2023
X: Cost ratio (1 – 0.40)
Estimated cost of goods sold

28
Beginning inventory
Purchases
Markup
Markdown
TGAS-Ave.

TGAS-FIFO

Sales
Normal shoplifting losses
 CoGS-retail

EI-retail
X: Cost ratio
EI-cost

29
CV
RA
Impairment

FVLCTS
Val. In use
Higher

30 Cost
Accum. Amort, 12/31/2023
CV, 12/31/2023

Amortization expense-2024

32 Franchise amortization
Franchise fee expense

35 FV, 12/31/2021
Cost of IP
Gain on FV change

36 Interest income on PA
Actuarial G(L) on PA
Actual return on PA

Net change in PA-2023

Interest income on PA
Contributions to the fund
Benefits paid
Actuarial loss on PA

37 Interest cost on DBO

Interest income on PA
Service costs
Retirement benefits expense
 Net change in DBO-2023
Actuarial gain on DBO
Benefits paid
Interest cost on DBO
Service costs

38 CV, 1/1
Purchases
Gain-Price change
Gain-Physical change
Sales
Harvest
Biological assets, 12/31

39 CV of NP
PV of modification (original EIR)
PV of principal
PV of interest
Difference
%
Assessment

CV of NP
PV of modification (prevailing)
PV of principal
PV of interest
Gain

40 Warranty expense to date, 12/31/2024

Actual warranty expenditures
Warranty liability, 12/31/2024

41 L1
L2
L3
Total provision

42 CV of bonds converted
BCPO exercised
Total
Total par value of shares issued
Share premium
43 Date
1/1/2022
12/31/2022
12/31/2023
12/31/2024
12/31/2025

Call price
CV of bonds retired
Loss on retirement

44
45 No. of share options
X: Fair value of share options
Total compensation

Compensation to date
Less: Compensation recognized in
prior periods
Compensation expense

46 Date
47 1/1/2024
48 1/5/2024
1/16/2024
2/20/2024
2/25/2024
3/1/2024
4/1/2024
5/30/2024
6/15/2024
7/1/2024
8/1/2024
12/31/2024
Total

49 Unadjusted deficit
Reduction in inventory
Reduction in PPE
Write off of goodwill
 Unrecorded liabs.
Adjusted deficit
Existing SP
Remaining deficit to be wiped out
No. of shares
Par reduction

50 10% cumulative preference share capital, P100 par

Ordinary share capital, P10 par
Subscribed ordinary share capital
Subscription receivable – Ordinary
Share premium
Retained earnings
Treasury shares – ordinary, 10,000 shares
TSHE

Par value of PS
LP
Div in arrears
TSHE-PS

TSHE-OS
No. of OS outst.
BV per OS

53 DTL on TTD-2023
DTL on TTD-2024
DTL on TTD-2025
DTL, 12/31/2022

54 DTA on DTD-2023
DTA on DTD-2024
DTA on DTD-2025
DTA, 12/31/2022

Taxable income

Current ITE
Total ITE

55 Lease 1
56 PV of rentals
57 PV of RV-G
LL, 1/1/2022
Payment to lessor
PV of dismantling
RUA, 1/1/2022

Lease 2
PV of rentals
PV of PO
LL, 1/1/2022
IDC
Lease incentives
RUA, 1/1/2022

58 Lease 1
59 FLR, 1/1/2022

Lease 2
PV of rentals
PV of RV-G
Sales/FLR, 1/1/2022
CoS
GP

60 15,000,000

61

64 Acquisition cost
CV of NA acquired
Eqpt.
Goodwill

Sh in RNI
Amort

Acquisition cost

GW Amort.
 Investment in associate, 12/31/2024

65 Cost
Accum. Amort, 12/31/2017
CV, 12/31/2017
Amort.-2018
CV, 12/31/2018
RA, 12/31/2018
Impairment

66 Historical cost
Market value
Estimated cost to complete
Estimated selling cost
Replacement cost

Historical cost
Market value
SP-CTS-CTC
LOWER
 25,500,000
(4,000,000)
-
(1,200,000)
-
(430,000)
-
(3,200,000)
(2,500,000)
14,170,000

57,500
8,900
66,400

57,500
33,900
91,400
110,000
(18,600)

Book Bank
19,000,000 18,800,000
1,450,000
(700,000)
1,900,000
(540,000)
(760,000)
(50,000)
19,550,000 19,550,000

40%

540,000

360,000
90,000
150,000 600,000
(60,000)

600,000
(90,000)
(10,000)
 60,000
560,000

540,000
560,000
(60,000)
1,040,000

Collection on:

Principal Interest

3,000,000 1,080,000
3,000,000 720,000
3,000,000 360,000

Interest Interest Premium Collection on

collected income Amortization Principal

1,080,000 930,770 -149,230 3,000,000

Current assets Current liabilities

5,500,000 500,000
40,000
4,000,000
7,500,000 1,500,000
3,000,000
3,000,000
1,000,000 8,000,000
4,000,000
3,000,000
2,000,000
24,040,000 19,000,000

3,280,000
1,300,000
1,020,000
(510,000)
(925,000)
(400,000)
150,000
3,915,000
 19,000,000
500,000
200,000
-
700,000
250,000
-
20,650,000

12,000,000
300,000
1,000,000
600,000
-
140,000
-
14,040,000

6,610,000

Total Revenue Operating Profit Identifiable Asset Remarks:

20,000,000 3,600,000 40,000,000 Reportable
16,000,000 2,800,000 36,000,000 Reportable
12,000,000 2,400,000 28,000,000 Reportable
6,000,000 1,200,000 16,000,000 Reportable
9,000,000 1,400,000 14,000,000 Reportable
3,000,000 600,000 6,000,000 Not reportable
66,000,000 12,000,000 140,000,000

6,600,000 1,200,000 14,000,000

100,000 110,000
21,000 21,175
(5,000) (4,125)
35,000 19,250
146,300

2,926,000
400,000
2,526,000
 17.27

146,300
50,000 27,500
173,800

2,526,000
35,000
2,561,000

14.74

P160,000
700,000
860,000
-660,000
200,000
180,000
20,000

900,000
150,000
1,050,000
-125,000
925,000
175,000
1,100,000
60%
660,000

Cost Retail
700,000 1,000,000
4,100,000 6,300,000
700,000
-500,000
4,800,000 7,500,000 64.00%

4,100,000 6,500,000 63.08%

5,900,000
100,000
 6,000,000

1,500,000
63.00%
945,000

A B C
220,000 280,000 300,000
240,000 280,000 210,000
- - 90,000

180,000 280,000 210,000

240,000 270,000 190,000
240,000 280,000 210,000

4,200,000
(1,050,000)
3,150,000

630,000

468,750
350,000

60,000,000
50,000,000
10,000,000

1,007,000
(17,000)
990,000

1,060,000
(1,007,000)
(850,000)
780,000
(17,000)

920,000
(1,007,000)
583,000
496,000
 658,000
65,000
780,000
(920,000)
583,000

2,500,000
1,000,000
200,000
300,000
(400,000)
(100,000)
3,500,000

8,800,000

4,917,600
2,738,794 7,656,394
1,143,606
13%
Substantial

8,800,000

3,976,560
2,417,645 6,394,205
2,405,795

144,000
(90,000)
54,000

2,500,000
2,000,000
- Not probable
4,500,000

512,800
10,000
522,800
(500,000)
22,800
 Int. paid Int. exp. CV
6,041,340
600,000 483,307 5,924,647
600,000 473,972 5,798,619
600,000 463,890 5,662,508
600,000 453,001 5,515,509

2,400,000
2,206,204
193,796

2022 2023
50,000 50,000
76.5 63
3,825,000 3,150,000
1/3 2/3
1,275,000 2,100,000

0 -1,275,000
1,275,000 825,000

# of shares outst. Sh. Cap. Sh. Prem. RE

1,000,000 10,000,000 4,250,000 15,000,000
25,000 250,000 150,000
(410,000)
(125,000)
50,000 500,000 700,000
285,000 2,850,000 (2,850,000)
1,235,000
125,000 500,000
(800,000)
389,250 1,946,250 5,838,750 (7,785,000)
(596,850)
5,375,000
15,546,250 11,438,750 7,933,150
Appropr. (1,250,000)
Unappropr. 6,683,150

(60,000,000)
(8,000,000)
(11,000,000)
(6,000,000)
 (5,000,000)
(90,000,000)
50,000,000
(40,000,000)
1,000,000
(40)

2,000,000
1,200,000
400,000
100,000
300,000
240,000
80,000
4,060,000

2,000,000
600,000
400,000
3,000,000

1,060,000
150,000
7.07

22,400
54,400
43,200
120,000

32,000
20,400
14,400
66,800

1,080,000

324,000
377,200

-
6,340,000
 680,000
7,020,000 5,722,000
600,000
780,000
8,400,000 1,850,000 6,550,000

7,580,000
620,000
8,200,000 7,020,000
800,000
(200,000)
8,800,000 1,100,000 7,700,000
12,742,000 2,950,000 14,250,000

929,075 92,908 771,983

5,400,000
285,000
5,685,000 682,200 4,867,200
4,150,000
1,535,000 775,108 5,639,183

30% 15,000,000
13,250,000
750,000 14,000,000
1,000,000

6,000,000
(150,000)
5,850,000

15,000,000
5,850,000
(2,250,000)
(100,000)
 18,500,000

3,000,000
(900,000)
2,100,000
(700,000)
1,400,000
500,000
900,000

1,200,000
1,300,000
100,000
50,000
1,100,000

PFRS for SME PFRS for SE

1,200,000 1,200,000
1,300,000
1,150,000
1,150,000 1,200,000
 PV of 1 at CV,
Total
10% 1/2/2022
4,080,000 0.9091 3,709,128
3,720,000 0.8264 3,074,208
3,360,000 0.7513 2,524,368
9,307,704

Carrying
value
9,307,704
6,158,474
 2024
50,000
76.5
3,825,000
3/3
3,825,000

-2,100,000
1,725,000

TS

2,500,000

(1,250,000) 10

1,250,000 33,668,150