On January 2, 2019, Krypton Company invested in a 4-year 10% bond with a face value of P6,000,000 in which interest is to be paid every December 31. The bond has an effective interest rate of 9% and was acquired for P6,194,383. On December 31, 2020, the management of Krypton Company decided to depose P4,000,000 face value debt instrument which will be used to settle an obligation and to finance some of its operating costs. The company has a business model of collecting the contractual cash flows for all their debt security investments, however due to frequent sale and disposal of investments, the management has decided that the business model is no longer appropriate. On December 31, 2020, the four million face value debt instrument was disposed of when the market rate of similar instrument was 11%.

PV factor of 11% after 2 years	0.8116
PV factor of annuity of 11% after 2 years	1.7125

What is the amortized cost of the debt instrument on December 31, 2020?