On December 31, 2018. Sandra enters into a contract with a customer to sell equipment. Sandra usually includes "free" installation and training services for the specialized equipment Control of the equipment transfers to the customer on that date. The price stated in the contract is P2,500,000 and is due on December 31, 2020. The stand alone selling price of the specialized equipment is P2,000,000 and the training services costs P20,000 to Sandra. Sandra assesses that the equipment installation service and training services are separate and identifiable performance obligations. Market rates of interest available to this particular customer are 9% which has a present value factor for 2 years of 0.8417. Sandra has a normal profit margin of 25%. How much transaction price is allocated to the installation service?