On January 1, 2020, Laguna Company sold equipment costing P836,000 with accumulated depreciation of P352,000 on the date of sale. Laguna received as consideration for the sale, a P880,000 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%. The present value of 1 at 10% for three periods is 0.75.

In Laguna Company's statement of comprehensive income, how much should be reported as interest income for 2020?

please answer asap.Thanku