ABC Company started the accounting period with a capital balance of P$456,000$ and ended the period with a capital balance of P$474,000.$ During the period, the owner made an additional investment of $P10,000$ and personal withdrawals of $P20,000.$ How much is the net income enjoyed or net loss suffered by the company during the period?

a$.P8,000$ net income

b$.P8,000$ net loss

c$.P28,000$ net income

d$.$ P$28,000$ net loss

Problem $3.$

ABM Company's capital balance is P$300,000$ on December $31,2018.$ During $2019,$ net income amounted to P$90,000$ and personal owner withdrawals amounted to P$12,000.2020$ has been a difficult year for the company, To sustain operations, additional investment was made in the middle of $2020$ amounting to P$95,000.$ However, loss was still suffered amounting to P$42,000.$ Withdrawals of the owner for personal use amounted to $P50,000.$ How much shall be reported by the company as capital balance on the December $31,2020$ SCE?

a$.P378,000$

b$.P381,000$

c$.P415,000$

d$.P465,000$