Kinfolk Company purchased 20,000 ordinary shares on March 1, 2014, for P720,000 to be held for trading. The entity received a P100,000 cash dividend on July 1, 2014. The investee declared a 10% stock dividend on December 1, 2014 to shareholders of record on December 31, 2014. The dividend was distributed on January 31, 2015. The market price of the share was P38 on December 1, 2014, P40 on December 31, 2014 and P42 on January 31, 2015. What amount should be recorded as dividend revenue for 2014?