66. On January 1, 2021, Chua Company purchased a piece of equipment with a list price of P 6,000,000. The contract stipulates that Chua pays a down payment of P 2,000,000 with the balance due in ten equal semi- annual installments of P 518,018 on June 30 and December 31, At the time of purchase, the prevailing interest rate on such contract was 10%

How much would be recorded as equipment

a. 5,180,000

b. 6,180,183

c. 6,000,000

d. 4,000,000