Case 3. Presented below is the trial balance of Walter Corporation at December 31, 2020. Cash 197,000 Sales 7,900,000 Trading Securities (at cost, P145,000) 153,000 Cost of goods sold 4,800,000 Long-term investments in bonds 299,000 Long-term investment in share capital - ordinary 277.000 Short-term notes payable 90,000 Accounts payable 455,000 Selling expenses 2,000,000 Investment revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends payable 136,000 Accrued liabilities 96,000 Accounts receivables 435.000 Accumulated Depreciation - Building 352,000 Allowance for doubtful accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Inventories 597,000 Provision for pension (long term) 80,000 Long term notes payable 900,000 Equipment 600,000 Bonds Payable 1,000,000 Accumulated Depreciation - Equipment 60,000 Franchise 160,000 Shares Capital - Ordinary 1,000,000 Treasury Shares 191,000 Patent 195,000 Retained Earnings 78,000 Other comprehensive income 80,000 Requirements: 5. How much is the total assets? 6 How much is the total liabilities? 7 How much is the total equity? & How much is the total net income? (Ignore income taxes)