On December 1, 2020, ABC Co. grants customer a license to use ABC's patented technology over a 4-year period. The contract price is P5,000,000, payable in full at contract inceptions. During Dec. 2020, ABC Co. incurs direct contract cost of P500,000 and indirect cost of P100,000. The customer obtains control of the license on January 2, 2021. What is the contract revenue on 2021 assuming there is right to access?