Zebra Company has determined the 2021 net income to be P 5,000,000. Revenue received in advance in 2021 of P 250,000 was credited to a revenue account when received. Of the total, P 50,000 was earned in 2021, P 120,000 will be earned in 2022 and the remainder will be earned in 2023. Loss on sale of equipment of P 150,000 in 2021 was erroneously debited to retained earnings. What is the adjusted net income for 2021? Group of answer choices 4,600,000 4,930,000 4,650,000 4,850,000

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