LOLA BASYANG reported the following during the year: Cash P 40,000, Accounts Payable 30,000, Unused Supplies 50,000 Service Revenues 100,000, Accounts receivable 30,000 , Operating Expense 40,000, Equipment 60,000, Allowance for Bad Debts 1,000, Basyang, Personal 15,000. Given the data, what is the possible answer from the choices below?

P 84,000

P 80,000

P 104,000

P 105,000