MC$28$ Sunflower Company is preparing a statement of cash flows for

the year ended December $31,2022.$ It has the following account

balances:

Machinery

Accumulated depreciation

Loss on sale of machinery

During $2022,$ Sunflower sold for $P260,000,$ a machine that cost

P$400,000.$ It also purchased several items of machinery.

What is the depreciation expense for $2022?$

a$.P180,000$

b$.P240,000$

c$.P280,000$

d$.P320,000$