Honest Company was incorporated on January 1, 2020 with P5,000,000 from the issuance of share capital and borrowed funds of P1,500,000. During the first year, net loss was P2,500,000. On December 15, the entity paid a P500,000 cash dividend. On December 31, the liabilities had decreased to P1,800,000. On December 31, 2020, what amount should be reported as total assets