Question 10 On June 1, 2020. Makati Company established a sales agency in Fairview, Quezon City. Upon the establishment of the sales agency, the Makati office sent merchandise samples costing 18,000 and a cash woriin maintained on the imprest basis. During the north of June the sales agency. During the month of June, the sales agency reported to the home office sales orders. These were billed at P70.000 of which 40,000 agency paid expenses of P2800 but was ternursed by the home office. On June 30, 2020, the sales agency samples were valued at P6.000. It was estimated that the gross profit on goods shipped to fill agency sales orders averaged 40% of cost. What is the net income of the sales as June 30, 2020? P10400 P10000 029200 PIS 200 . Previous