XYZ Company has the following transactions during 2020 for its Investment in Equity Securities:

Acquired 10,000 ordinary shares from ABC Company at P50 per share.

The ABC Company shares were split 2 for 1. Sold 2,000 shares of ABC Company for P30 per share gross of transaction costs of P10,000.

Received preference share dividend of 1 for every 3 ordinary shares held. Ordinary shares are selling ex-dividend at P20 and preference shares are selling at P15 per share.

Received 1,500 shares in lieu of cash dividends of P40,000. The shares of ABC on this date sells for P40 per share.

Received P50,000 in lieu of 10% stock dividends. The shares of ABC Company sell for P35 per share on this date.

What is the carrying amount of the investment after transaction #4?