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Jaguar Corporation sold an expensive car costing P1,904,000 for P2,800,000 on June 30, 2022. A 20% down payment was made and the balance is

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Jaguar Corporation sold an expensive car costing P1,904,000 for P2,800,000 on June 30, 2022. A 20% down payment was made and the balance is payable in 8 equal installments of P319,088, inclusive of 3% interest), payable quarterly starting September 30 and December 31, 2022. Determine the realized gross profit in 2022.

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