Red Corp. has the following information in its notes to the financial statements:

• Land held for long term capital appreciation- P1,000,000

• Land held for a currently determined future use- P300,000

• Property that is being constructed or developed for future use as an investment property- P1,500,000

• Investment property being redeveloped- P2,000,000

• Building owned and leased out under operating lease- P450,000

• Owner-occupied property- P3,200,000

• Owner-managed hotel- P2,300,000

How much is the Investment Property to be presented in the statement of financial position?