Zeus Inc. exchanged its office equipment with another entity on April $1,2023,$ in exchange for a note receivable amounting to P$2,500,000.$ The note bears an interest of $8\%$ per annum and payable with $5$ equal annual installments, the first payment of which

starts on April $1,2024.$

Q$1$: What is the amount of interest income to be presented in the income statement for the year $2023$ & $2024?$

Q$2$: What are the current and non$-$current portion of the carrying amount of the note receivable on December $31,2023?$