2. Noodles Company was incorporated on January 1, 2019 with P250,000 from the issuance of share capital and borrowed funds of P150,000. During the first year, net Income was P50,000.On December 15, the entity pald a P20,000 cash dividend. On December 31, 2019, the liabilities had increased by P300,000. On December 31, 2019, what amount should be reported as total assets? Your