PEACH Company has one temporary difference at the end of 2020 that will reverse and cause future taxable amounts of P550,000 in 2021, P600,000 in 2022, and P650,000 in 2023. PEACHs pretax financial income for 2020 is P3,000,000, and the tax rate is 30% for current and future periods. There are no deferred tax asset and deferred tax liability at the beginning of the year. The entry to record current tax expense for the year will involve a debit to Income Tax Expense Current amounting to P_____________.