On October 1, 2022, Elk Company purchased 30,000 shares of Jack Company at P180 per share that reflected book value as of that date. At the time of the purchase, Jack had 100,000 ordinary shares outstanding. Elk had o ownership interest in Jack before the purchase. The nine months ending September 30, 2022 of Jack recorded profit of P2,960,000. For the year ended December 31, 2022. Jack reported profit of P4.800,000. Jack paid Elk dividends of P120.000 on December 31, 2022. For the year 2023, Jack reported profit of P2.800.000 and paid dividends of P1,700.000 to its ordinary shareholders. On January 1, 2024. Elk sold 20.000 ordinary shares of Jack for P250 per share. For the year ended December 31, 2024, the reported profit of Jack was P4.000.000 and dividends of P40,000 was paid to Elk. Market Value of the remaining shares at this time is P2.300.000 What is the amount at which the investment is reported on the statement of financial position at December 31, 2024