On January 1, 20Y2, Rodrick Company purchased four-year, P4,000,000, 10% bond at fair value. The prevailing market rate of interest on this date was 8%. Interest is payable annually every December 31. The company's business model is to collect contractual cash flows and to sell the asset. The prevailing market rate of interest on December 31, 20Y2, 20Y3, and 20Y4 are provided below: Date Rate December 31, 20Y2 9.0% December 31, 20Y3 10.0% December 31, 20Y4 7.0% The bonds were sold on December 31, 20Y4 at fair value. How much is the interest income for the year 20Y3? 369,119 336,482 400,000 328,106