answer the question immediately

12. Matt Santamaria opened a paint retail store with the following investments: P 500,000 cash, 200 cans of imported paint at P 510 per can including freight. He signed a contract of lease good for two years at a monthly rental of P 5,000. He bought on April 15 from a foreign supplier 800 cans of paint at a cost of P 560 a can including freight per can of P 10. As a marketing strategy, he decided to mark-up the goods at 40% based on the most recent cost. During the year, three retailers bought from Matt: SM 100 cans on May 31: Rob 150 cans on June 12, and Shop Wise 120 cans on August 25. Aside from the rental, he also paid P 24,000 for utilities and P 36,000 for wages, Inventory count showed merchandise on hand as at December 31, P 351,680, Compute for the net profit (loss). (6 pts.) In writing your answer do not use peso sign and decimal places. For instance, if your answer is ten thousand five hundred pesos and fifty centavos, you write 10,000. In case of loss, put your answer in an open and dose parenthesis, for instance, (40,000). - DD (5 Points) Enter your