Dr. Buffet maintains the accounting records of its medical clinic on a cash basis. During 2021, Dr. D Buffet collected P1,234,500 from his patients and paid P987,600 in expenses. On December 31, 2020 and December 31, 2021, he had the following account balances. Unearned Professional Fees Professional Fees Receivable Accrued Expenses Dec. 31, 2020 P54,320 Dec. 31, 2021 P43,210 26,200 29,000 18,200 23,500 Prepaid Expenses 6,400 5,120 What is the medical clinic's profit for 2021 under the accrual basis?