The following were taken from the records of X Corporation and its Makati branch for 20x7:

	Home office	Makati branch
Sales	P 470,000	P 142,500
Inventory, January 1	40,000	18,000
Purchases	350,000
Shipments to branch	75,000
Shipments from home office		90,000
Inventory, December 31	82,250	12,000
Expenses	187,500	55,750

In 20x7, the home office bill the branch at 120% of cost which was lower by 5% than last years. What is the combined comprehensive income?

Select one:

a.

P57,100

b.

P56,500

c.

P42,100

d.

P72,100