An analysis of incomplete records of ABC Company produced the following information applicable to 20xx: ACCOUNTS INCREASES Cash 4,200,000 ACCOUNTS DECREASES Inventory 1,000,000 Accounts receivable 1,400,000 Accounts payable 400,000 Prepaid insurance 200,000 Equipment 100,000 Notes receivable 600,000 Accrued salaries payable 300,000 Summary of cash transactions were as follows: RECEIPTS: Cash sales 3,000,000 Collections of accounts receivable 30,000,000 Collections on notes receivable 2,400,000 Interest on notes receivable 200,000 Purchase returns and allowances 500,000 DISBURSEMENTS: Cash purchases 1,000,000 Payments on accounts payable 16,500,000 Sales returns and allowances 400,000 Insurance 700,000 Salaries 10,000,000 Equipment 800,000 Other expenses 1,500,000 Dividends 1,000,000 Additional information: Total purchase returns and allowances amounted to P800,000 Total sales returns and allowances amounted to P1,200,000. a. What is the accrual basis Net sales? b. What is the accrual basis Net purchases? c. What is the accrual cost of sales? d. What is the depreciation expense? e. What is the net income under accrual basis of accounting