Nicanor, single, received the following in 2022: Proceeds of his life insurance paid at annual premium of P 15,000 within 25 years (outlived the policy) Proceeds of Inday's (Mother of P 2,000,000 Nicanor) life insurance paid at an 1,000,000 annual premium of P 10,000 within 20 years House and lot from inherited 4,000,000 properties Rent income from inherited properties 200,000 For income tax purposes, how much of the above items must be excluded from Nicanor's gross income? O c. 6,000,000 7.000.000