Selected Accounts of Cadiente Manufacturing Company as of December 31, 2020 are presented below: Sales P844,000 Sales returns and allowances 13,200 Sales discount 10,800 Purchases 267,200 Purchase returns and allowances 8,700 Purchase discount 6,800 Freight out 12,000 Direct labor 77,562 Factory overhead 57,438 Utilities - factory 12,000 Bad debts expense 8,000 Raw materials (January 1, balance P11,700) 13,400 Work in process (January 1 balance P18,330) 15,800 Finished goods (January 1 balance P18,610) 21,140 Total marketing and selling expenses 188,800 Total general and administrative expenses 146,200 Note: Keep your computation on the side, you may need it for some other numbers. What is the cost of goods sold? Give your answer in this format XXX,XXX. Selected Accounts of Cadiente Manufacturing Company as of December 31, 2020 are presented below: Sales P844,000 Sales returns and allowances 13,200 Sales discount 10,800 Purchases 267,200 Purchase returns and allowances 8,700 Purchase discount 6,800 Freight out 12,000 Direct labor 77,562 Factory overhead 57,438 Utilities - factory 12,000 Bad debts expense 8,000 Raw materials (January 1, balance P11,700) 13,400 Work in process (January 1 balance P18,330) 15,800 Finished goods (January 1 balance P18,610) 21,140 Total marketing and selling expenses 188,800 Total general and administrative expenses 146,200 Note: Keep your computation on the side, you may need it for some other numbers. What is the net income? Give your answer in this format XXX.XXX. Selected Accounts of Cadiente Manufacturing Company as of December 31, 2020 are presented below: Sales P844,000 Sales returns and allowances 13,200 Sales discount 10,800 Purchases 267,200 Purchase returns and allowances 8,700 Purchase discount 6,800 Freight out 12,000 Direct labor 77,562 Factory overhead 57,438 Utilities - factory 12,000 Bad debts expense 8,000 Raw materials (January 1, balance P11,700) 13,400 Work in process (January 1 balance P18,330) 15,800 Finished goods (January 1 balance P18,610) 21,140 Total marketing and selling expenses 188,800 Total general and administrative expenses 146,200 Note: Keep your computation on the side, you may need it for some other numbers. What is the gross profit? Give your answer in this format xxx.XXX. Selected Accounts of Cadiente Manufacturing Company as of December 31, 2020 are presented below: Sales P844,000 Sales returns and allowances 13,200 Sales discount 10,800 Purchases 267,200 Purchase returns and allowances 8,700 Purchase discount 6,800 Freight out 12,000 Direct labor 77,562 Factory overhead 57,438 Utilities - factory 12,000 Bad debts expense 8,000 Raw materials (January 1, balance P11,700) 13,400 Work in process (January 1 balance P18,330) 15,800 Finished goods (January 1 balance P18,610) 21,140 Total marketing and selling expenses 188,800 Total general and administrative expenses 146,200 Note: Keep your computation on the side, you may need it for some other numbers. What is the total manufacturing cost? Give your answer in this format XXX,XXX. The following are selected accounts of Migo Services as of December 31, 2020. Bad debts expense P 20,000 Loss on sale of equipment 5,000 Interest income 15,000 Advertising expense 10,000 Taxes and licenses 60,000 Accounts receivable 3,000 Accounts payable 5,000 Net income (loss) (40,000) Miscellaneous expenses 30,000 How much is the service revenues? Give your answer in this format xx,xxx