#210 BALJEET Company reported the following information for the year ended December 31, 2020: Service Revenues P4,597,000 Salaries Expense 895,000 Advertising Expense 320,000 Baljeet, Drawings 769,000...

#210

BALJEET Company reported the following information for the year ended December 31, 2020:

Service Revenues P4,597,000

Salaries Expense 895,000

Advertising Expense 320,000

Baljeet, Drawings 769,000

Interest Expense 32,900

Depreciation Expense 629,000

Insurance Expense 41,000

Supplies Expense 34,000

Supplies Inventory 5,000

How much is the net income for 2020?