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(NOTE: THIS IS A PROBLEM CONSISTING OF CHAIN QUESTIONS. HENCE, IT WOULD BE BENEFICIAL FOR YOU IF YOU TAKE NOTE OF YOUR ANSWER IN EVERY QUESTION.) QDR Company's records show the following information: January 1, 2019 December 31, 2019 Cash 70,000 130,000 Accounts Restiveable 110,000 Prepaid Expenses 50,000 Equipment 100,000 600,000 Land 121 Trade Accounts Payable 1 10,000 230,000 Accrued Expenses 13] 70 000 Non current liabilities 340,080 150,000 Miditional information are as follows: Total assets and capital as of December 31, 2018 amounted to 1850,000 and P150,000, respectively. As of December 31, 2018, working capital of the Company amounted to P40,000, which is P10,000 higher than the working capital as of December 31, 2019, A piece of land costing P80,000 were sold during 2019. Total revenues amounted to P250,000 while total experises amounted to P95,000. Total withdrawals amounted to P15,000 in 2019. Total accounts receivable as of January 1, 2019 amounted to PBlank 1. Blank 1 Add your answer Question 20 2 Points 1-Jan-19 MERS COMPANY Assets P 300,000 Liabilities Capital 31-Dec-19 Assets 440,000 Liabilities 160,000 Capital 2019 Additional investment 30,000 Drawings 20,000 Total revenues 1,000,000 Total expenses 910,000 The total liabilities as of January 1, 2019 amounted to PBlank 1. Blank 1 Add your