Denver Co. and Colorado Co. are joint operators in the production of VOS printers. Each joint operator retains control over the assets it has contributed to the joint operation and shares equally in the profits and losses of the joint operation. During the year Denver Co. earns revenue of P8,000,000 from its own operations. Sales of VOS printers amounts to P3,000,000. How much total revenue shall be reported in Denver Co.'s statement of profit or loss for the year?

a. P8,000,000

b. P9,500,000

c. P11,000,000

d. P5,500,000