1. On January 1, 2021, entity Agranted a franchise to entity B involving a food stall. The franchise agreement requires entity B to pay nonrefundable initial franchise fee amounting to P900,000 within 10 days from the signing of document evidencing the franchise agreement. Moreover, the franchise agreement requires entity B to pay contingent franchise fee equivalent to 10% of its sales revenue to entity A. entity B paid the initial franchise fee on January 10, 2021.

In relation to initial franchise fee, entity A is required to render the following separate and distinct performance obligations:

a. to construct the food stall of entity B which has a stand-alone selling price of P500,000.

b. to allow entity B to use its registered trademark and trade name for a period of 20 years starting January 1, 2021 which has stand-alone selling price of P200,000

c. to supply 5,000 units of raw materials to entity B which has stand-alone selling price of P300,000

On June 30, 2021, entity Acompleted the construction ofentity B's food stall. As of December 31, 2021 entity has already delivered 2,000 units of raw materials to entity B. entity B commenced its operations on October 1,2021 and it reported sales revenue amounting to P330,000 for the period endedDecember 31, 2021.

What is the unearned revenue to be reported by entity A on December 31, 2021?