36. Gigi and Hyatt have just formed a partnership. Gigi contributed cash of P1,250,000 and computer equipment that cost P550,000. The fair value of the computer is P350,000. Gigi has notes payable on the computer of P130,000 to be assumed by the partnership. Gigi is to have 60% capital interest in the partnership. Hyatt contributed only P900,000. The partners agreed to share profit and loss equally. Hyatt should make an additional investment or withdrawal of how much? * (2 points) P80,000 O P180,000 P900,000 O P100,000 37. The company has the following account balances: Cash 14,000; Account Payable 2,500; Account Receivable 4,600; Prepaid Insurance 900; Building 141,000; Accumulated Depreciation 14,200; Unearned Rent 500; Belly, Capital 48,300; and Sales 95,000. How much is the total amount capital balance of the credit column of the post-closing trial balance? * (2 points) P143,300 P48,300 P146,300 P160,500 59. Before the yearend adjustments were made, the firm has a net income amount of P319,470. Adjustments are necessary for the following items: Of the P1,200 Insurance Expense account, P450 is still unexpired; Fees earned but not yet billed as of year-end P3,800; of the P9,850 Unearned Income account, P2,600 has already been earned; and depreciation amounting to P8,440. After the necessary adjustments had been made, how much is the adjusted net income?* (2 Points) O P326,320 P325,420 P321,120 O P317,820