tips./ Question 2 quest 13195929 1 pts Selected data concerning last year's operation of Terrance Company are as follows (in thousands of pesos) Beginning Ending Finished Goods Work in Process Materials Other information Materials used, P 326 Total manufacturing cost charged P 686 Direct Labor Cost P 225 Cost of goods available for sale P 826 Marketing and administrative cost P 25 Net Sales P 900 How much is the net income for the period? 259 159 O 186 119 P 90 80 75 P 110 30 85