ABC Corporation has the following balances in its account as of January 1,2021: Accounts receivable-P 3,000,000 Allowance for doubtful accounts -P 300,000 During 2021, the following transactions happened May 1, 2021 - Sales on account, P 1,200,000. Cash discounts of 2/10, n/30 were offered to the customers. ABC uses net method in accounting for their cash discounts in their books. June 15,2021 - ABC factored P 150,000 of its accounts receivable to DEF Finance Company, Factoring fee was 10% of the receivables purchased and the finance company withheld 5% of the purchase price as a protection against sales returns and allowances. July 1,2021-Collected the full amount on a sale made on May 1,2021. October 22.2021 - P 50,000 accounts were written off. At December 31,2021, ABC Company estimates that 15% of their outstanding accounts receivable are uncollectible. How much is the amortized cost accounts receivable as of December 31,20217