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Problem 13. LL Incorporated which began operating on January 2008 appropriately uses the installment method of accounting. The following information pertains to LL's operations in 2008. Installment sales P600,000 Regular sales 800,000 Cost of Installment sales 270,000 Cost of Regular sales 440,000 Operating expenses 200,000 Collections on installment sales 150,000 Collections on regular sales 200,000 How much is the realized Gross Profit in 2008? a. P690,000 b. P242,500 c. P82,500 d. P442,500