Yellow, Blue and Black formed a joint operation. The contractual arrangement provides that Yellow is to manage the joint operation and is to receive a fee of 15% of the prot after deduction of the fee as an expense of the joint operation, the net prot, after the fee has been agreed to be divided as follows: Yellow, 25%; Blue, 40% and Black, 35%. er ve months, the joint operation is terminated. The trial balanoe prepared by Yellow show the following balances: Debit Credit Joint Operation P 45,000 Blue, capital P 2,500 Black, capital 10,000 The joint operation has still some unsold merchandise worth P12,500. Yellow agreed to purchase such at cost. The fee of Yellow has not yet been taken up. What is the net prot of the joint operation after the fee to Yellow