An analysis of the transactions of John Consultancy, a newly established business, engaged in providing management consultancy services, for the month of January, 2021, first month of operations disclosed the following:

Service revenues (all cash basis)	P 203,150
Cost of advertising paid	92,000
Utilities expense paid	28,500
Salary of secretary	20,000
Rent of business space for the month of January (still unpaid)	15,000

How much was the net income/loss of Benedict Consultancy for the month of January?

Put negative sign (-) if your answer is net loss.