The owner's equity of FDNACCT was P190,000 at January 1, 2020. The assets and liabilities on December 31, 2020, the end of the accounting year, and its revenue and expenses for the year are listed

below.

Accounts Payable

P 1,200

Accounts Receivable

12.340

143,670

Building

Cash

32.990

Cleaning Expense

Fees Earned

560

62,350

Land

Miscellaneous Expense

65,000

220

Office Supplies

1.670

Owner's Drawings

3,000

Wages Expense

23.770

How much is the net income for the year ended December 31, 2020?

The owner's equity of FDNACCT was P190,000 at January 1, 2020. The assets and liabilities on December 31, 2020, the end of the accounting year, and its revenue and expenses for the year are listed below. Accounts Payable P 1.200 Accounts Receivable 12,340 Building 143.670 Cash 32,990 Cleaning Experie 560 Fees Carned 62,350 Land 65.000 Miscellaneous Expense 220 Othce Supplies 1.670 Owner's Drawings 3.000 Wipes Expense 23.770 How much is the net income for the year ended December 31, 2020