Prepare a balance sheet for the current year ended May 31, 2008

13. The assets and liabilities of Robinson Tree Services at May 31, 2008, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner was P190,000 at June 1, 2007, the beginning of the current year. Additional information: Mr. Robinson made an additional investment of P15,000 during the year. P220 Accounts Payable Accounts Receivable Cash Fees Earned Land P1,200 P12,340 P32,990 P78,350 P65,000 Miscellaneous Expense Office Expense Building Wages Expense Drawing P560 P143,670 P26,770 P3,000