pls help me with problem 1&2

Problem 1 Pagey Company was incorporated on January 1, 2019 with P500,000 from the issuance of share capital and borrowed funds of P150,000. During the first year, net income was P2,500,000. On December 31, 2019, what amount should be reported as total assets? Problem 2 Sir Company was incorporated on January 1, 2019 with proceeds from the issuance of P750,000 in share capital and borrowed funds of P110,000 During the first year, revenue from sales and consulting amounted to P820,000, and operating costs and expenses totaled P640,000 1 On December 15, 2019, the entity declared a P300,000 divided, payable to shareholders on January 15, 2020. The liabilities increased to P200,000 by December 31, 2019. On December 31, 2019, what amount should be reported as total assets