4. On July 1, 2021, TL Construction Corp. contracted to build an office building for LQ, Inc. for a total contract price of P3,800,000. Estimated total contract costs is P3,250,000. (Round percentage of completion 2 decimal places ex. .12345 = 12.35%) Costs incurred to date related to the project were as follows: Cost of direct materials used P 240,000 Cost of direct labor, including site supervision of P50,000 170,000 Cost of indirect materials used 55,000 Cost incurred in obtaining the contract previously written off 90,000 Repreciation of plant and equipment used on the contract 129,898 Payroll of design and technical department allocated to the contract 80,000 Insurance costs (1/3 allocated to the contract) 180,000 Costs of contracted research and development activities 105,000 Depreciation of idle plant and equipment not used on a particular contract 75,000 Selling costs 50,000 General and administrative expenses specifically included under the terms of the contract 30,000 Borrowing cost incurred during the construction period 130,000 Advances made to subcontractors 110,000 5. What is the realized gross profit for the period? A. 104,335 B. 167,530 C. 125,195 D. 134,610