Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses for the current month amounting to P9,000.00 is divided between Salary Expense, Delivery Expense and Utilities Expense in a 2:3:1 ratio respectively. Their gross margin is 40% and the paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House. (Note: P refers to peso sign)

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