Bayabas Company started operations on January 1, 2021. Following data are available as of June 30, 2021: Purchase of merchandise - P9,000,000; Inventory, June 30, 2021 P1,500,000; Goods were sold at 50% above cost; 75% of sales were on credit; Estimated bad debts 1% of credit sales; Collections from charge customers P6,300,000; Allowance for doubtful accounts, June 30, 2021, after write-off of uncollectible accounts P78,075. What is the outstanding accounts receivable on June 30, 2021? *