1-5 Computation of Unknown Accounting Values Calculate the missing amount that relates to the financial position of an enterprise: 1. June Lambo has put up cash in the amount of P150,000 representing his initial capital. Out of P150,000 cash, he acquired an equipment costing P100,000 which requires a cash outlay of P75,000 and incurs a liability of P25,000. How much is the owner's equity at the end of the year? 2. Norberto Barsal opens a servicing business and started a capital of P200,000. At the end of the year, the creditor's claims is P100,000 and the owner's equity is 80% of the total assets of P500,000. How much is the owner's equity at the end of the year? 3. Jonas Mascarias starts with a Repair Shop business in Davao City. At the beginning of the period his capital is P350,000 which equaled to his investment. At the end of the period, his capital balance is P450,000 which is 60% of total assets. How much represents the total claims from the outside creditors