Maria, Bakka and Osing are the heirs of Jaime who died on September 1, 2019/ The properties of jaime comprised solely of real property valued at P50,000,000 at the time of death. The property is primarily deriving rental income.In 2020, the property remained undivided and it derived a net rental income of P15,000,000.

What amount should be reported as taxable income of the co-ownership?