28. On January 1, 2020, Annie Company purchased a mineral mine for P26,400,000 with removable ore estimated at 1,200,000 tons. After it has extracted all the ore, the entity will be required by law to restore the land. The present value of the estimated restoration cost is P1,800,000.

During 2020, the entity incurred P2,000,000 exploration cost and P1,600,000 development cost preparing the mine for production (intangible). The entity removed 80,000 tons of ore and sold 60,000 tons of ore in 2020. What is the cost of wasting assets?

a. 30,200,000

b. 26,400,000

c. 30,000,000

d. 31,800,000