A Store's annual income statement for 2019 is shown in the table below. A worked full-time in the business and invested Php300,000 to acquire it and stock it with goods. A just turned down a Php250,000-per-year compensated position as the manager of another store. During the year, he did not pay himself a wage.

Revenues Costs Sales Php550,000 Wholesale clothing Php300,000 Inventory Adjustment 20,000 Equipment 20,000 Labor 150,000 Utilities and insurance 10,000 Total Revenues Total Costs