On January 1, 2021, Marsh Company issued 10% bonds payable in the face amount of P6,000,000. The bonds mature on January 1, 2031. The bonds were issued for P5,316,000 to yield 12% resulting in bond discount of P684,000. The entity used the effective interest method of amortizing bond discount. Interest is payable semiannually on January 1 and July 1.

For the six months ended June 30, 2021, what amount should be reported as bond interest expense?

		300,000
		341,040
		334,200
		318,960