Mr. Izatsuki Hamida, the bookkeeper of Honda Massage and Spa Services reported the following financial records for the months of January to March 2018: Water expenses ---------------------- P 4,000.00 Soap expense ---------------------- 7,500.00 Massage oil expenses ---------------------- 15,000.00 Light & power expenses ---------------------- 12,000.00 Rent of the Massage parlor---------------------- 24,000.00 Salary of staff (4 massage workers)-------- 72,000.00 Income received from massage service-------- 115,700.00 Income not yet received from customer-------- 55,000.00 Telephone expenses ------------------------ 7,500.00

2. Compute for the following: a) Total Revenue b) Total Expense c) Net Income/Net Loss d) Briefly explain your answer​