Rapp Company leased a new machine to a lessee on January 1, 20Y1. The lease is an operating lease and expires on January 1, 20Y6. The annual rental is P90, 000. Additionally, on January 1, 20Y1, the lessee paid P50, 000 to the lessor as a lease bonus and P25, 000 as a security deposit to be refunded upon expiration of the lease. What amount of rental revenue should be recognized for 20Y1? 100,000 125,000 90,000 140,000