12. 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. Mr. Robinson invested an additional P15,000 in the business during the year. Accounts Payable Accounts Receivable Cash Fees Earned Land Building P1,200 P12,340 P32,990 P78,350 P65,000 P143,670 Miscellaneous Expense Office Expense Supplies Wages Expense Drawing P220 P560 P1,670 P26,770 P3,000 Prepare a statement of owner's equity for the current year ended May 31, 2008