with solutions please

ASG Corporation has the following data in their accounting books Sales - P1,000,000 Cost of Sales - P500,000 Rental Expenses - P50,000 Salaries Expenses - P40,000 Utilities expense - P10,000 Cash - P25,000 Account Receivable - P15,000 What is the net Income of ASG Corporation? O P440,000 O P360,000 O P400,000 O P425,000