Jenna Company has provided the following data concerning its opera- tions for the year ended December 31, 2018: Raw materials on hand, December 31 Work in process, December 31 Finished goods, December 31 Factory supplies on hand, December 31 Sales Factory maintenance Administrative salaries P 24,000 30,000 40,000 14,000 1,100,000 38,400 108,000 4,200 16,000 Discounts on raw materials purchases Delivery expenses Interest income 1,000 Factory supplies used 22,400 Common stock (P10 par value) 2,000,000 Retained earnings 525,000 Trade accounts payable 273,500 Accumulated depreciation-factory building and equipment 47,500 Building and equipment 500,000 Trade accounts receivable 450,000 Cash 170,000 Finished goods, January 1, 2018 37,500 Direct labor 180,000 Bad debt expense 2,500 Factory power and heat 19,400 Advertising 8,400 Insurance expired-factory building and equipment 4,800 Work in process, January 1, 2018 84,000 Depreciation-factory building and equipment 17,500 Factory superintendence 100,000 Interest expense 1,500 Raw materials purchased 400,000 Indirect factory labor Sales returns Sales discounts Prepare the statement of financial position. Assume Net Income, P135,300 and Land, P1,753,300 20,000 2,200 1,300