On December 1, 2020, Nicole Company gave Dawn Company a P2,000,000, 12% loan. Nicole Company paid proceeds of P1,940,000 after the deduction of P60,000 nonrefundable loan origination fee. Principal and interest are due in sixty monthly installments of P44,500, beginning January 1, 2021. The repayments yield an effective interest rate of 12% at a present value of P2,000,000 and 13.4% at a present value of P1,940,000. What amount should be reported as accrued interest receivable on December 31, 2020?