Goodbye 99 Series Company's comparative balance sheet for 2021 and 2022 and income statement for 2022 are presented below: Goodbye 99 Series Company Comparative Balance Sheet As of December 31 2022 2021 In PHP Current assets Cash Accounts receivable, gross 1,440,571.43 1,103,922.43 4,650,000 3,500,000 Less: Allowance for doubtful accounts Inventories (345,000) (275,000) 3,150,000 8,895,571.43 2,800,000 7,128,922.43 Non-current assets Investment in equity securities-FVOCI 1,650,000 1,000,000 Land 9,500,000 10,250,000 Buildings 15,750,000 16,250,000 Less: Accumulated depreciation (5,698,565) 21,201,435 (5,096,315) Total assets 30.097,006.43 22,403,685 29,532,607.43 Current liabilities Account payable 2,980,000 2,325,000 Other payables Interest payable Income tax payable Dividends payable Notes payable 1,150,000 130,000 1,763,000 90,000 183,000.10 124,000 50,000 75,000 1,550,000 6,043,000.10 2,000,000 6,377,000 Non-current liabilities Bonds payable 3,000,000 3,000,000 Less: Discount on bonds payable (182,240.96) 2,817,759.04 (216,286.57) 2,783,713.43 Total liabilities 8,860,759.14 9,160,713.43 Shareholders' equity Capital stock 10,500,000 9,000,000 Additional paid-in capital 6,249,000 5,085,000 Unrealized gain (loss) on change in 250,000 (100,000) investment fair value - OCI Retained earnings 4,267,247.29 6,466,894 Less: Treasury stock (30,000) (80,000) Total shareholders' equity 21,236,247.29 20,371,894 Total liabilities and shareholders' equity 30,097,006.43 29,532,607.43