On May 1, 2020, an Gambit Services, Inc. enters into a non-cancellable contract with Pawn Co. to provide cleaning services to be provided over the next two years typically at least once per month. For services provided, Pawn pays P62.5 per hour. Gambit Services, Inc. also entered into another non-cancellable contract with Knight to provide cleaning services and lawn maintenance services as and when needed with a maximum of four visits per month over the next two years. Knight, Inc. pays a fixed price of P2,000 for both services. The entity measures its progress towards complete satisfaction of the performance obligation using a time-based measure. Another non-cancellable contract with Queen Corp. was entered during the year. Under this contract, cleaning services are to be provided as and when needed over the next two years. Queen pays fixed consideration of P1,000 per month plus a one-time variable consideration payment ranging from P0- P10,000 corresponding to a one-time regulatory review and certification of the customer's facility. Knight Services, Inc. estimates that it will be entitled to P 7,500 of the variable consideration and it is highly probable that a significant reversal in the amount of cumulative revenue recognised will not occur. The entity measures its progress towards complete satisfaction of the performance obligation using a time-based measure.

How much total revenue expected to be recognized as of December 31, 2020?