Apple Co. purchased 50,000 shares of Banana Co. for P200 per share on June 15, 2020. An additional 75,000 shares were bought in August 18 for P240 each. Apple received cash dividends at P10 per share on October 18 and a 20% stock dividend on November 8. On December 21, Apple sold 75,000 shares of its investment at P250 per share. What is the gain on the sale of the shares (use average method)? 750,000 5,750,000 2,750,000 4,750,000