The following information has been taken from the ledger accounts of F Corp. Total income since incorporation: P317,000. Total cash dividends declared: P60,000. Proceeds from sale of donated stock: P40,000. Total value of stock dividends distributed: P30,000. Gains on treasury stock transactions: P18,000. Unamortized discount on bonds payable: P32,000. Treasury stock: P20,000. Appropriated for plant expansion: P70,000. Unpaid cash dividends: P24,000. Determine the current balance of unappropriated retained earnings.
a. P227,000
b. P157,000
c. P137,000
d. None of these