Lit Company provided the following data for the current year:

Lit owns 10% interest in gene Company which declared and paid P3,000,000 cash dividend on October 15.

On August 1, Tranquility received a P750,000 cash dividend from cent Company in which Lit owns a 30% interest.

On November 1, Lit received a P90,0000 liquidating dividend from Sin Company.

Lit owns a 5% interest in Sin. What amount should be reported as dividend income for the current year? a. P300,000 c. P840,000 b. P750,000 d. P1,050,000