On January 1, 2022, Proton Company purchased a new machine for P2,100,000. The new machine has an estimated useful life of nine years and the residual value was estimated to be P75,000. Depreciation was computed on the sum-of-the-years'-digits method. What amount should be shown in Proton's statement of financial position at December 31, 2024, net of accumulated depreciation, for this machine? O P1,695,000 O P1,335,000 P1,020,000 O P1,244,250