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Gross Profit P 5,200,000 Less: Operating Expenses (including P200,000 depreciation and bad debt expense of P100,000) ( 2,000,000) Net Operating Income P 3,200,000 Add: Gain

Gross Profit P 5,200,000 Less: Operating Expenses (including P200,000 depreciation and bad debt expense of P100,000) ( 2,000,000) Net Operating Income P 3,200,000 Add: Gain on sale of investment prope...

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