On January 1, 2010, Baker Company sold equipment it had recently purchased to an unaffiliated entity for P5,700,000. The equipment had a book value on Baker's books of P4,500,000 and remaining life of 5 years. On that same day, Baker leased back the equipment at P1,350,000 per year payable in advance for a 5-year period. The lessor's implicit interest rate in the lease is 10%. Baker Company uses the double declining balance method of depreciation. What is the unearned income on the sale and leaseback on December 31, 2010?