Use the following information to answer items 27 and 28: At the beginning of the year 2016, Padre Company announced the decision to close the factory located in Katipunan Avenue and terminate all 300 employees as a result of economic downturn. The company shall pay P35,000 per employee upon termination. However, to ensure the wind-up of the factory occurs smoothly and all remaining customer orders are completed, the company needs to retain at least 20% of employees until closure of the factory in 6 months. As a result, the company announced that employees who agree to stay until the closing of the factory shall receive P80,000 payment at the end of 6 months in addition to receiving their current wage throughout the period of closure instead of the P35,000. Based on this offer, the company expected to retain 75 employees until the factory is closed. 27. What is the amount of termination benefit? A. 3,375,000 B. 10,500,000 28. What is the amount of short-term employee benefit? A. 3,375,000 B. 10,500,000 C. 13,875,000 D. 15,000,000 C. 13,875,000 D. 15,000,000