3. Bogs Company was incorporated on January 1, 2019 with proceeds from the Issuance of P58,000 In share capital and borrowed funds of P59,000.During the first year, revenue from sales and consulting amounted to P32,000, and operating costs and expenses totaled P12,000.On December 15, 2019, the entity declared a P30,000. payable to shareholders on January 15, 2020. The liablltles Increased by P200,000 on December 31, 2019.On December 31, 2019, what amount should be reported as total liabilities? Your