How much is the net income attributable to Product M, assuming that joint costs are allocated using the Approximate Net Realizable Value x, and after being processed further, 1,800 gallons of Product M was sold during the year?

TVA Company produces three products from the same process and incurs joint processing costs of P150,000. Gallons Sales price per Disposal cost per Further Final sales price gallon at split-off gallon at split-off processing costs per gallon M 2,400 P225.50 P 62.50 P 50.00 P350.00 N 1,100 300 150.00 100.00 500.00 Q 500 400.00 100.00 750.00 500 Disposal costs for the products if they are processed further are: M, P 150.00; N, P 275.00; Q, P 50.00