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20. On January 2, 2021, Integrity Co. sold merchandise to Honesty, Inc. for P2500000. The cost of items to Integrity,r was P2000000. Honesty gave Integrity

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20. On January 2, 2021, Integrity Co. sold merchandise to Honesty, Inc. for P2500000. The cost of items to Integrity,r was P2000000. Honesty gave Integrity P500000 cash and P0000000 note payable in 4 annual installments of P500000 plus 12% interest. Honesty made the 1st principal and interest payment on December 31, 2021. Expenses related to the installment sale are P100000. How much is the realized gross prot following IFRS 15? :k {2 Points} Enter your answer

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