2. PFDP is a small firm that offers different financing and consulting services. During the end-of-year closing of accounts, December 31, the firm's records shows the following information: (Show complete solution). Cash Accounts Receivable Inventory P 350,000.00 P 1,050,000.00 Prepaid Insurance Long Term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long Term Liabilities Owner's Equity Determine the Beginning Owner's Equity. A. P 6,860,000.00 B. P 4,410,000.00 C. P 2,310,000.00 D. P 2,100,000.00 P 2,800,000.00 P 210,000.00 P 7,000,000.00 P 1,050,000.00 P 875,000.00 P 175,000.00 P 2,450,000.00 P 6,860,000.00