10. On Jan. 1, 20x1, Parya Co. received a 3 -year, \( P 900,000 \) noninterest-bearing note receivable due as follows: P400,000 on Dec. 31, 20x1, P300,000 on Dec. 31, 20x2, and \( \mathrm{P} 200,000 \) on Dec. \( 31,20 \times 3 \). The prevailing rate of interest for this type of note is \( 10 \% \). How much is the carrying amount of the receivable on Dec. 31, 20x1?
a. 467,354
b. 438,016
c. 376,345
d. 428,346