C. The information given below appears in the financial records at the end of the year for The Spa which is a health beauty and fitness center Cash Accounts Receivable Land Supplies P 95,000 P 70,000 P 150,000 P 15,000 Accounts Payable Furniture & Equipment Utilities Payable Building P 150,000 P 75,000 P 25,000 P 500,000 1. At year end, what was the amount of total assets? 2. At year end what was the amount of total liabilities? 3. What was the net income (net loss) if the capital of the owner at the start of the year was P500,000, ad no additional investments for withdrawal were made? D. You are given the following selected data after one year of operation of Total Face Up owned by Dr. Dina. The accountant uses to Accrual Concept Revenue from facial treatment services collected in cash P 250,000 Revenue from facial treatment services is rendered on account P 125,000 Cash collected from accounts customers P 50,000 Dr. Dina Capital's cash investments P 520,000 Operating expenses incurred on account: utilities P 125,000 Operating expenses incurred for cash: Salary of Nurse P50,000 Rent of Clinic P 25,000 Medical supplies bought (of which P5.000 are still on hand) P 10,000 Cash withdrawn by Dr Dina P 5,000 Instruction: Prepare a 2014 income statement for Dr. Dina's Total Face Up using a single-step format. Heading For the year ended December 31, 2014 REVENUES: Total Revenues P EXPENSES: P 1 MON Total Expenses (P NET PROFIT (NET LOSS)