On January 1, 2020, Guiguinto Company received a 3- year, P10,000,000 loan, with interest payments occurring at the end of each year and the principal to be repaid on December 31, 2021. The interest rate for the first year is the prevailing market rate of 8%, and the rate in 2021 and 2022 will be equal to the market interest rate on January 1. In conjunction with this loan, Guiguinto enters into an interest rate swap agreement to receive a swap payment (based on P10,000,000) if the January 1 interest rate is greater than 8% and will make a swap payment if the rate is less than 8%. The interest swap payment will be made on December 31, 2021 and 2022. On January 1, 2021, the interest rate is 9 percent. How much should be recognized on Guiguinto's December 31, 2020 statement of financial position as a result of the interest rate swap? a. P175,911 receivable c. P200,000 payable h D174 2517 Par-niunhln rl D'mn nnn rot-niunhln