The translation adjustment for the first year of operations of ABC Sub Co. amounted to a positive P1,882,500. Translation adjustment for the second year amounted to P577,500 debit. At what amount shall ABC Sub Co. present the account Cumulative Translation Adjustment for the second year?

a.1,882,500 debit

b.577,500 debit

c.1,305,000 credit

d.2,460,000 credit