11:31 ..... 80 3 points Ending owner's equity amounted to P70,000. Additional investments during the year amounted to P30,000. Withdrawals totaled P50,000. Compute for the company's net income for the year assuming beginning equity is P10,000.* Your answer Owner, Juan invested an initial 3 points capital amounting P50,000 in order to put up his janitorial services company. During the first year of operations (2016), the company had a loss of P25,000. Because of this, Juan invested additional capital amounting to P50,000 in 2017. In the second year (2017), the company had a net income of P100,000 and Juan withdrew P10,000 for personal use. Compute for the ending capital balance of Juan for the year 2017. * Your answer 11:31 ... 80 3 points Owner Juana invested P100,000 to start her laundry business. During the first year of operations (2016), the company had a net income of P15,000. Juana invested additional P100,000 to grow the business. In 2017, the business earned P50,000. As of December 31, 2017, Juana's capital balance is P200.000. How much is Juana's withdrawal? * Your answer Compute for COGS 2 points Compute for the cost of Good Sold using the following: Sales P25,500 Purchases 2,200 Purchase Returns 300 Purchase Discounts 100 Freight in 400 Beginning Inventory 2,000 Ending Inventory 600 Your answer Compute for Net Income * 2 points Compute for Net Income Net Sales Net Purchases Freight In Inventory Beginning Inventory Ending Selling Expense General Expense P1,250,000 400,000 50,000 150,000 380,000 120,000 260,000 Your