Liabilities P3,930,000 P2,700,000 Ordinary Shares 11,400,000 5,700,000 Retained Earnings, 01/01/17 7.200,000 4,200,000 Sales 16,800,000 9,600,000 Gain on sale of furniture 90,000 120,000 Gain on sale of land 1,200,000 360,000 Dividend Revenue 1,980.000 720.000 P42 600 000 P23 400 000