Ethan Company has three lines of business, each of which was determined to be a reportable segment. Ethan Company sales in 2023 amounted to P15,000,000. From this amount, Segment No. 2 contributed P6,500,000. Traceable costs of Segment No. 2 for the period was P3,000,000 out of the total of P5,000,000 for the company as a whole. For internal reporting, Ethan allocates common costs of P4,000,000 based on the ratio of a segments income before common costs to the total income before common costs. In its 2023 financial statements, how much should Ethan report as operating profit for Segment No. 2?