On December 31, 2018, Exciting Corporation sold for P150,000 an old machine having an original cost of P270,000 and a book value of P120,000. The terms of the sale were as follows: P30,000 down payment and P120,000 payable on December 31, 2021. The agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of transaction. What should be the carrying amount of the notes receivable on December 31, 2019 rounded to the nearest peso? (Round PVF to 4 decimals) a. P115,830 c. P156,255 b. P92,664 d. P101,004