A Corp. required additional cash for its operation and used its accounts receivable to raise such needed cash, as follows:

On December 1, 2021, A Corp. assigned on a non-notification basis accounts receivable of P10,000,000 to a bank in consideration for a loan of 60% of the receivables less a 1% service fee on the accounts assigned. A signed a note for the bank loan.

On December 31, 2021, A collected assigned accounts of P5,000,000 less discount of P100,000. A remitted the collections to the bank in partial payment for the loan. The bank applied first the collection to the interest and the balance to the principal. The agreed interest is 2% per month on the loan balance.

A received an advance of P400,000 from Job Financial Co. by pledging P500,000 of accounts receivable. The loan is due in five years.

On December 31, 2021, A discounted at a bank a customer's P3,000,000, 1 year, 10% note receivable dated April 30, 2021. The bank discounted the note at 15% on the same date.

How much should be recognized as loan payable in A Corp.'s December 31, 2021 statement of financial position?