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QR Appliance Center sells washing machines that carry a three-year warranty against manufacturer's defects. Based on company experience, warranty costs are estimated at P60

QR Appliance Center sells washing machines that carry a three-year warranty against manufacturer's defects. Based on company experience, warranty costs are estimated at P60 per machine. During the year, QR Appliance Center sold 25,000 washing machines and paid warranty costs of P200,000. In its income statement for the year ended December 31, QR Appliance Center should report warranty expense of?

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