The changes in the account balances and the following additional information are taken from the accounts of Great Coffee Corporation for the year 2020: Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Increase (Decrease) P 142,500 (30,000) 202,500 630,000 (172,500) Bonds payable Share capital Share premium 375,000 300,000 45,000 Dividends for 2020 were P82,500. There were no transactions affecting retained earnings other than dividends and profit: Required: Compute the profit for 2020.