James, a shareholder, received P12/share as liquidation value for the 500,000 shares of AAA Corp he owned. James owned 25% of AAA Corp. Per its 2022 Audit Financial statements, AAA Corp has total assets of P40,625,000 which was liquidated at 80%. Also, during the liquidation, AAA Corp incurred expenses of P6,000,000. Based on these information, how much was the total liabilities settled prior to distribution of the liquidation value to shareholders