Katty Perry Marketing & Sales had the following unadjusted net profit for fiscal year ended, July 31, 2022: P3,450,000. During the audit, it was discovered that there were accounts to be adjusted specifically: (1) Of the P128,000 Supplies, 30% was used; (2) Unrecorded sales returns P18,700; (3) Accrued salaries of salesmen P42,600; (4) Unrecorded credit purchases net of trade discounts, P22,400; (5) overstated depreciation of P32,900 and (6) unrecorded merchandise purchased: FOB destination, P35,000? How much was the adjusted net profit of Katty Perry?

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