124. ABC Corporation had the following information relating to its accounts receivable"

Accounts receivable, December 31, 2016 P1,950,000

Credit sales for 2017 P8,100,000

Collections from customers for 2017 P7,125,000

Accounts written off, August 30, 2017 P187,500

Estimated uncollectible receivables per aging of receivables, December 31, 2017 P247,500

In the December 31, 2017, statement of financial position, what is the amortized cost of the receivable?

• P2,490,000
• P2,775,000
• P2,737,500
• P2,925,000
• Answer not given