also Prepare a statement of changes in equity

Metallic Food Stuff Unadjusted Trial Balance March 31, 2021 Credit Debit P400,000.00 5,000.00 20 000.00 2,000.00 160 000.00 85,000.00 10,000.00 90,000.00 P4,500.00 100,000.00 5,000.00 25,000.00 10,000.00 50,000.00 100,000.00 580,000.00 Account Titles Cash in Bank Petty Cash Fund Accounts Receivable Alowance for Doubtful Accounts Merchandise Inventory. Jan. 1 Utensils Inventory Prepaid Rent Store Equipment Accumulated Depreciation - Store Equipment Furniture & Fixtures Accumulated Depreciation - Furniture & Fixtures Accounts Payable Accrued Sales Salaries Notes Payable - (Long-Term) Mortgage Payable S. M. Gagnao, Capital S. M. Gagnao, Drawing Sales Sales Returns and Allowances Purchases Purchase Discounts Freight-in Freight-Out Taxes and Licenses (General-75%. Selling-25%) Supplies Used (General-40% Selling-60%) Sales Salaries Office Salaries Utilities Expense (General-60%; Selling-40%) Advertising Expense Total 5,000.00 480,000.00 10,000.00 250,000.00 5,500.00 8,000.00 10,000.00 12.000.00 9,000.00 35,000.00 24,000.00 10,000.00 15,000.00 P1,260,000.00 P1,260,000.00 Value of merchandise on hand as per physical count on March 31, 2021 is P120,000. Required: 1. Prepare a Statement of Comprehensive Income using the multi-step approach (100 Points) 2. Prepare a Statement of Financial Position using the report form with proper classification of items as to current and non-current (100 Points)