b) Prepare a statement of 5. The Green Golf Lane located in Laguna owned by Robert Rosales closed down when he went to Canada together with his family. The place leased by Rosales was taken over by Norma Ocampo on March 1, 2019 upon payment of lease right (an asset) in cash P500,000. From the following transactions, analyze their effects on the accounting equation and prepare a statement of financial position. Mar 3 Ms. Ocampo invested cash of P250,000 which she deposited to the account of her business. 5 Golf equipment were ordered from Japan Sports Co., five hundred thousand in yens and on credit. The exchange rate was P.43 to a yen. 8 Ocampo applied for a bank loan in the amount of P250,000 which will be used to pay the Japanese supplier. 9 Furniture and fixtures were purchased from Blim's for cash of P60,000 and a promissory note for P140,000 was given for the balance. 10 Blim's issued a memorandum decreasing the liability by P10,000 after Ms. Ocampo returned some defective furniture. 15 The bank notified Ms. Ocampo that her loan was approved and deposited the amount borrowed to the account of the business. 20 The loan was used to pay for the equipment which was delivered by Hines Motors, a subsidiary of Japan Equipment House. 25 The promissory note due to Blim's was paid.