ASSIMILATION: 1. Using a concept map, differentiate the three forms of business organization. Be creative! II. The information below is available from the books of Chou Hauling Company as of 31 December 2019, the end of its accounting period. Prepare the Statement of Changes in Equity of the owner. Mr. Chou, Capital, 1 January 2019 P 500,000 Mr. Chou, Drawing P 25,000 Hauling Income P 267,000 Rent expense P 48,000 Repairs and Maintenance Expense P 36,000 Utilities Expense P 12,450 Gas and Oil Expense P 76,000 Insurance Expense P 25,000 Rental Income P 12,000 Taxes and Licenses P 8,450 Note: Mr. Chou gave an additional investment of P 20,000 during the year.