Show the solution in good accounting form. Thank you!

4. What total amount was paid for expenses during the current year? * Tripeaks Company used the accrual basis of accounting: December 31 January 1 Inventory 8,000,000 9,000,000 Prepaid expenses 100,000 50,000 Accounts payable 7,500,000 7,000,000 Accrued expenses 500,000 300,000 Cost of goods sold 15,000,000 Expenses 3,000,000 The expenses for the current year included depreciation of P200,000 and amortization of P100,000. O 2,550,000 O 2,850,000 O 2,700,000 O 3,150,000