Dan Company recently acquired two items of equipment.

* Acquired a press at an invoice price of P3,000,000, subject to a 5% cash discount which was taken.

Costs of freight and insurance during shipment were P50,000 and installation cost amounted to P200,000.

* Acquired a welding machine at an invoice price of P2,000,000 subject to a 10% cash discount which was not taken. Additional welding supplies were acquired at a cost of P100,000.

What is the total increase in the equipment account as a result of the transactions?

a. 4,900,000

b. 5,000,000

c. 5,100,000

d. 5,200,00