(Solved): On November 1, 2020, BCareful issued a 3-year, 7% P1,000,000 convertible bond at 105 . The bonds ...

On November 1, 2020, BCareful issued a 3-year, $7\%$ P1,000,000 convertible bond at 105 . The bonds were selling at P923,865, without the conversion feature, that yields a $10\%$ interest. Transaction costs incurred in relation to the bond issuance amounted to $\mathrm{P}90,694$, immediately after the BIC the bond yield was $14\%$. The interest on the bonds were payable semi-annually every April 30 and October 31. Each $\mathrm{P}500$ peso bond is convertible into 3 ordinary shares. On October 31, 2022, there were bondholders who exercised their option, the bonds were converted into 3,000 ordinary shares. The ordinary shares have a par value of $\mathrm{P}50$ and a market value of $\mathrm{P}70$ at conversion date. How much is the credit to share premium during conversion date? Using the information in BCareful; How much is the amortization for 2022 ? Type your answer...