3. For a given year, beginning and ending total liabilities were P8,400 and P10,000, respectively. At year-end, owners' equity was P26,000 and total assets were P2,000 larger than at the beginning of the year. If new capital stock issued exceeded dividends by P2,400, profit or (loss) for the year was apparently a. (P2,800). b. (P2,000). 0. P400. d. P2,800