Assets at the beginning of the year amounted to P72,000 while liabilities were on 1/3 of this figure. By the end of the year, assets increased to 150% while liabilities decreased by 25%. If the owner made withdrawals of P9,000, additional investments of P20,000 while revenues generated totaled P75, 000. What was the amount of total expenses incurred by the business during the year? P34,000 OP64,000 ho O P44,000 O P54, 000