The following is taken from the records of Vergara Company for the year ended December 31,

2022.
Sales 845,000
Purchases discount 8,200
Purchases returns and allowances 5,800
Purchases 398,600
Freight-in 12,000
Freight-out 17,540
Sales discount 13,300
Sales returns and allowances 37,400
Depreciation expense 25,000
Salaries expense 86,500
Advertising expense 25,000
Rent expense 50,000
Bad debts expense 13,800
Insurance expense 9,000
Based on the actual physical count, inventory balances are as follows:
January 1, 2022 P25,455
December 31, 2022 P20,765

Assignment: Prepare an SCI. Use the ten-column worksheet. Do not use schedules.
Submit it on Thursday.