Light Co. reported rent income of P600,000 under
cash basis
accounting for 2020.
Additional information as follows:
Unearned rental income, December 31, 2019, 50,000
Unearned rental income , December 31, 2020, 75,000
Accrued rental income , December 31, 2019, 30,000
Accrued rental income, December 31, 2020, 40,000
How much is the rental collection on 2020?