Laguna Company purchased a machine with a cash price of P350,000. Laguna gave the following as payment: Cash- P100,000 Notes payable, non-interest bearing (payable in three equal annual payments, beginning 1/1/23)- P150,000 Laguna 1,000 ordinary shares, P100 par (fair value P130)- P100,000 How much is the discount on notes payable to be recorded on the date of purchase?