On January 2, 2023, Wilbert Company purchased 40,000 shares of Arnold, Inc. stock at P100 per share. Brokerage fees amounted to P120,000. A P5 dividend per share of Arnold, Inc. shares had been declared on December 15, 2022, to be paid on March 31, 2023 to shareholders of record on January 31, 2023. The shares are designated as available-for-sale. On December 31, 2023 the investment has a fair value of P3,820,000. How much should be recognized in the 2023 other comprehensive income related to these securities?

a. 100,000

b. 180,000

c. 300,000

d. 0