On july 1, 2021 captain universe company declared as property dividends 10,000 shares held as investment in associate with carrying amount of p4,000,000. cost of disposal is immaterial. information on fair values is shown below: date fair value july 1, 2021 p3,200,000 december 31, 2021 4,400,000 february 1, 2022 3,800,000