what is the answer?

Cola Company reported a retained earnings balance of P4,000,000 at January 1, 2019. Cola determined that insurance premiums of P900,000 for the three-year period beginning January 1, 2018, had been paid and fully expensed in 2018. The entity has a 30% income tax rate. What amount should Cola report as corrected beginning retained earnings in its 2019 statement of retained earnings