IV. ACTIVITY ACTIVITY 1. Directions: Solve for the unknown item by recalling what increases and decreases the owner's account. SET A SET B SET B Activity 3: Compute and Prepare Direction: For 2-points each, compute the following problems. Write your answer and solution on your answer sheet. 1. Beginning owner's equity amounted to 350,000 . Net loss for the year totaled Php. 55,000 . No additional investments and withdrawals for the period. Compute for the total increase and decrease in equity for the year. 2. Ending owner's equity amounted to Php. 80,000 . Additional Investments during the year amounted to Php. 40,000 . Owner withdraw totaled of Php. 65,000 . Compute for total owner's equity for the year. 3. Beginning Owner's equity amounted to P350,000. Net Income for the year totaled Php. 60,000 . Additional Investment during the year amounted to 35,000 . No withdrawals for the period. Compute for a total increase in equity for the year. 4. Owner, Marco invested an initial capital amounting to P70,000 to put up his Computer Services. During the first year of operations, the business had a loss of Php30,000 because of this Marco invested additional capital amounting to Php70,000 in 2018. In the second year, the company had a net income of Php120,000 and Marco withdrew Php50,000 for his personal use. Compute for ending capital balance of Marco for the year 2019. 5. The following balances were retrieved from the records of ABM Trucking Serv. for the year ended December 31,2020. Prepare a Statement of Changes in Equity of ABM Trucking Services. Capital, January 01, 2020, Php. 700,000.00 Withdrawals 150,000.00 Additional Investments 77,000.00 Net loss 45,000.00