The following selected data were taken from the records of J. GEPIGA Merchandising Company for the year 2022 UNEARNED INCOME/REVENUE P 10,200.00 SALES RETURNS AND ALLOWANCES P 31,250.00 BEGINNING INVENTORY P 450,000.00 PURCHASES FREIGHT IN PURCHASES DISCOUNT P 275,000.00 13,000.00 6,500.00 PURCHASE RETURNS AND ALLOWANCES P 14,000.00 ENDING INVENTORY SALES SALARIES EXPENSE P 163,000.00 $35,000.00 SALES SHOWROOM RENT EXPENSE P4,500.00 PREPAID RENT 5,000.00 AUDIT FEES 10,000.00 EXECUTIVE SALARIES EXPENSE 45,000.00 ADVERTISING EXPENSE P12,000.00 ACCRUED EXPENSE DEPRECIATION EXPENSE - OFFICE BUILDING OFFICE SUPPLIES EXPENSE INTEREST INCOME INTEREST EXPENSE SALES P 5,000.00 30,000.00 P 3,500.00 $5,000.00 P 1,500.00 $1,500,000.00 SALES DISCOUNT P25,000.00 ADDITIONAL INFORMATION: THE COMPANY INCURRED AN INCOME TAX EXPENSE AMOUNTING TO PHP 25,000. REQUIRED: COMPUTE FOR COMPANY'S NET INCOME LOSS USING SINGLE STEP AND MULTI STEP STATEMENT OF COMPREHENSIVE INCOME.