Sey Corp. has the following data:

Selling price per unit P70

Variable cost per unit P45

Annual credit sales- units 50,400

Collection period 30 days

Rate of return 20%

The company is considering to ease its credit standards. If it does, sales will increase by 25%, collection period will increase to 45 days; bad debts losses are anticipated to be 4% of the incremental sales, and collection costs will increase by P31,645. If the proposed change is implemented, what is the net benefit (loss) for the company?