On January 1, 2020, Jasmin Co. had equipment costing P380,000 with accumulated depreciation of P160,000 on the date of sale. Jasmin received as consideration for the sale, a P400,000 noninterest-bearing note, due January 1, 2023. There was no established exchange price for the equipment and the note had no ready market. The prevailing rate of interest for a note of this type at January 1, 2020 was 10% and 12% on December 31, 2020. In Jasmin's 2020 income statement, how much should be included for interest income?