Liberty Company has sales of P3 million, accounts receivable of P2 million, cost of goods sold of P1 million, how much is the gross profit? O P1 million OP10 million O P2 million Question 18 1 p The company's balance sheet showed accounts payable has a value of P30 million; short term loans, P20 million; long term debt at P7 million; building at P100 million; and capital stock at P700 million. How what is the value of the total assets? OP57 million O P100 million O P757 million OP20 million Question 19 1 p On December 31, 2015, the company posted an ending capital of P30 million. The following year, the company realized a net income after tax of P70 million but the owner withdrew P50 million from the capital for personal investments. By the end of 2016, how much is the ending capital of the company? O P10 million O P70 million O P50 million O P80 million