Dahlia Company purchased a P2,000,000 12% face value bonds, 10 years, on April 1, 2019 for P1,964,600. The bonds are dated April 1, 2019 with interest payable April 1 and October 1. Bond discount is...

Dahlia Company purchased a P2,000,000 12% face value bonds, 10 years, on April 1, 2019 for P1,964,600. The bonds are dated April 1, 2019 with interest payable April 1 and October 1. Bond discount is amortized following the effective interest method. The effective interest rate is 12.40%. What is the total amortization for the year 2019?