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The following selected accountswere taken from the booksof Santos Trading on December 31, 2016: Santos, Capital-P150,000; Loss from Operations-P1,500; Net Sales-P120,000; total Goods Available for

The following selected accountswere taken from the booksof Santos Trading on December 31, 2016: Santos, Capital-P150,000; Loss from Operations-P1,500; Net Sales-P120,000; total Goods Available for Sale-P103,505; Gross Profit-P60,750; Merchandise inventory , Jan 1, 2016-P27,520.

The total operating expenses is

Select one:

a.P 59,750

b.P61,200

c.P62,250

d.P 57,750

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