On January 1, 20x9, Calas Company acquired 40% of the outstanding voting stock of Nick Company as a long-term investment. On December 31, 20x9, Nick Company reported net income of P10,000 and dividends declared and paid of P4,000. For the year ended December 31, 20x9, Calas Company should report "Income from investee earnings" of: FILLEE Corporation sells washing machines that carry a three warranty against manufacturer's defects. Based on the company experience, warranty costs were estimated at P300 per machine. During 2017, Web sold 24, 000 washing machines and paid warranty cost of P1,700,000. In its income statement for the year ended December 31, 2017,FILLE should report warranty expense of