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69. Patrick recovered the following bad debts that were previously charged off? P40,000 from accounts written off in a year which had a net

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69. Patrick recovered the following bad debts that were previously charged off? P40,000 from accounts written off in a year which had a net income of P400,000 before write- off. Amount written off for the year was P40,000. P10,000 from accounts written off in a year which had a net loss before write-off of P72,000. Amount written off for the year was P10,000. P20,000 from accounts written off in a year which a had a net income of P16,000 before write-off. Amount written off for the year was P24,000. How much of the foregoing recovery should be reported as part of gross income during the year? * (2 Points) Enter your answer

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