Glass Industries reported the following data for the year just ended: sales revenue, P1,750,000; cost of goods sold, P980,000; cost of goods manufactured, P560,000; and selling and administrative expenses, P170,000. Glass' net income would be:?

Select one:

a.

P600,000.

b.

P380,000.

c.

P770,000.

d.

P1,190,000.

e.

P1,020,000.