3. On January 1, 2022, JPIA Company capitalized a new word processing software package that it had developed. The total cost recorded was P9, 000, 000 and the product is expected to generate revenue...

Extracted text: 3. On January 1, 2022, JPIA Company capitalized a new word processing software package that it had developed. The total cost recorded was P9, 000, 000 and the product is expected to generate revenue for three years. Revenue from the sale of software for 2022 was P24, 000, 000 and the total expected revenue for the three years is P80, 000, 000. The net realizable value of the software was P7, 200, 000 on December 31, 2022. What amount should be charged to software amortization expense for the year ended December 31, 2022?