The Skyline Corporation began constructing a building with a contract price of P 43,800,000 in 2009. The ledgers of Skyline for 2010 shows the following accounts: Construction in Progress P 10,400,000...

The Skyline Corporation began constructing a building with a contract price of P 43,800,000 in 2009. The ledgers of Skyline for 2010 shows the following accounts: Construction in Progress P 10,400,000 Accounts Receivable 3,200,000 Gross Profit earned 3,952,000 Progress billings to date 6,500,000. What was the amount of collection in 2009?