BBB Medical Clinic has assets equal to P6,150,000 and liabilities equal to P2,650,000. Before year-end cash was borrowed from the bank amounting to P1,500,000 half of which was used to buy equipment and the other half to pay for the liabilities which were already past due. What is the total equity of BBB at year-end? At the beginning of the year, FFF Company's assets are P2,200,000 and its equity is P1,150,000. During the year, assets increase by P700,000 and liabilities increase by P300,000. What is equity at the end of the year? At the beginning of the year, New Wave Company's liabilities equal to P660,000. During the year, assets increase by P800,000 and at year-end assets are equal to P2,180,000. Liabilities decrease by P100,000 during the year. What are the beginning and ending amounts of equity?