Illustration Problem- Maya Company The following data has been taken from the records of Maya Company covering its operations for the month of November: Main Product; Sales 42,000 units @ P20 Beginning inventory - none Total production cost (50,000 units): Materials 210,000 Labor 160,000 Applied overhead 80,000 Selling and general expenses 190,000 By Product: Sales 29,000 units @ P1.10 Beginning inventory none Production 30,000 unis Subsequent costs PO.10 per unit Required: Income statement showing in tabular form the presentation of the net revenue from sale of by-product if treated as (a) deduction from cost of production, (b) deduction from cost of sale, (c) other income, (d) additional sales revenue