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VI. REAL Inc. leases equipment to its customers under noncancelable leases. On January 1, 2018, REAL leased equipment costing P 4,000,000 to Quezon Co., for 9 years. The rental cost was P 440,000 payable in advance semiannually (January 1 and July 1), plus P 20,000 semiannually for executory costs. The equipment had estimated life of 15 years and sold for P 5,330,250 with an estimated unguaranteed residual value of P 800,000. The implicit rate is 12%. Determine the following: (1) Total interest income from lease by Real, (2) Profit on the sale by Real, (3) Liability under finance lease as of December 31, 2018 by Quezon, (4) Under current liabilities as a liability under finance lease by Quezon, and (5) Interest expense reported by Quezon in relation to the lease