III Company provided the following information from its accounts records for the year ended December

$31,2022$:

Inventory at December $31,2022($based on physical count of goods at cost$)-$ P$1,750,000$

Accounts payable at December $31,2022-$ P$1,200,000$

Net sales $($sales less sales returns$)-$ P$8,500,000$

Additional information is as follows:

Included in the physical count were tools billed to a customer FOB shipping point on December

$31,2022.$ These tools had a cost of P$28,000$ and were billed at P$35,000.$ The shipment was on

Good's loading dock waiting to be picked up by the common carrier.

Goods were in transit from a vendor to III on December $31,2022.$ The invoice cost was P$50,000$

and the good were shipped FOB shipping point on December $29,2022.$

Tools returned by customers and held pending inspection in the returned goods area on

December $31,{022}_{?}$ were not included in the physical count. On January $8,2023,$ the tools

costing P$26,000$ were inspected and returned to inventory. Credit memos totaling P$40,000$ were

issued to the customers on the same date.

Tools shipped to a customer FOB destination on December $26,{2022}_{?}$ were in transit on

December $31,2022$ and had a cost of $P25,000.$ Upon notification of receipt by the customer on

January $2,2023,$ Good issued a sales invoice for $P42,000.$

Goods with an invoice cost of P$30,000,$ received from a vendor at $5$:$00$ p$.$m$.$ on December $31,$

$2022,$ were recorded on a receiving report dated January $2,2023.$ The goods were not included

in the physical count but the invoice was included in accounts payable at December $31,2022.$

Goods received from a vendor on December $26,{2022}_{?}$ were included in the physical count.

However, the related $P60,000$ vendor invoice was not included in the accounts payable at

December $31,2022$ because the accounts payable copy of the receiving report was lost.

How much is the correct balance of Inventory at December $31,2022?$

How much is the correct balance of Accounts Payable at December $31,2022?$

How much is the correct balance of Net Sales in $2022?$