On July $1,2024,$ an entity leased an equipment to a lessee under a $3-$year operating lease. Total rent for the lease term is P$9,000,000,$ payable P$250,000$ monthly for the first lease year, P$350,000$ monthly for the second lease year and P$450,000$ monthly for the third lease year. The fiscal ends June $30$

$-$ How much is the rental income for year ended June $30,2025?$

a$.2,000,000$

b$.3,000,000$

c$.1,500,000$

d$.$ None of the above