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On November 1, 2021, FDN Trading accepted a 90-day, 8% P19,000,000 note from ABC Co. FDN immediately discounted with recourse the note to a bank

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On November 1, 2021, FDN Trading accepted a 90-day, 8% P19,000,000 note from ABC Co. FDN immediately discounted with recourse the note to a bank that offers a 13% discount rate. On maturity date, ABC Co dishonoured the note. The bank charged processing fee of P80,000. How much is the total receivable of FDN Trading from ABC Co

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