Problem 3. On April 1, 2015, The POT Manufacturing Co. sold a non-current operating asset to an entity. As payment, POT received a four-year, 9% promissory note with face value of P 2,591,760. The note and accrued interest are payable in equal amounts of P 800,000 every March 31, starting March 31, 2016. The periodic payment of P 800,000 is to be applied first to interest, and the remainder to the principal. 1. Compute for the total interest income for the years 2015 through 2019. 2015-P 174,944; 2016 - P195,004; 2017 - P 140,554; 2018 - P 81,204; 2019 - P16,534 2. What amount relating to the note shall be presented as part of current assets at December 31, 2016? 754,437 3. What amount relating to the note shall be presented as part of current assets at December 31, 2017? 768,337 What amount relating to the note shall be presented as part of current assets at December 31, 2018? 783,481 4