On January 1, 2017, Montgomery purchased debt securities which carry a 10% fixed interest for P 765,540 to be held as financial assets at amortized cost. The securities have face value of P 600,000, and interests are receivable semi-annually every June 30 and December 31. The prevailing market interest rate of debt securities of this type is 7%.

On October 31, 2018, Montgomery sold 40% of the securities including any accrued interest for a gain of P 5,250.

Total amount received by Montgomery on the sale of 40% bond investment on October 31, 2018 is ????

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