On January 1, 2019, Aime Company purchased 10% bonds with face value of P5,000,000 plus transaction cost of 101,500 with yield rate of 8%. The bonds mature on December 31, 2023 and pay interest annually on December 31. The carrying amount of the investment on December 31, 2019 using the effective interest method is P5,333,620. What is the initial acquisition cost of the bond investment, including transaction cost?

A. P5,198,500

B. P5,300,000

C. P5,398,500

D. P5,401,500