On July 1, 2020, East Company purchased a long-term investment P5,000,000 face amount, 8% bonds of Rand Company for P4,615,000 to yield 10% per year. The bonds pay interest semiannually on January 1 and July 1. On December 31, 2020, what amount should be reported as interest receivable? Select the correct response 250,000 184,600 200,000 230,000