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On July 1, 2017, Shaw Co. sold a machine costinP500,000 with accumulated depreciation of P380,00on the date of sale. Shaw received as consideration fothe sale, a P300,000 noninterest-bearing note, due Jul1, 2020. There was no established exchange price fothe equipment and the note had no ready market. Thprevailing rate of interest for a note of this type at July1, 2017 was 12% and 13% on December 31, 20179. Irelation to this transaction, the total income to brecognized in Shaw's 2017 profit or loss is (Round ofpresent value factors to four decimal places,a. P180,000C.P101,445P710 165dd.P106. 357