Looking for answers with solution.Additional Questions regarding problem 12. Allocate the same for the Statutory Funds pursuant to the provision of the New Cooperative Law of the Philippines. How much should be allocated to RESERVE FUND?3. Allocate the same for the Statutory Funds pursuant to the provision of the New Cooperative Law of the Philippines. How much should be allocated to COOPERATIVE EDUCATION AND TRAINING FUND? 4. Allocate the same for the Statutory Funds pursuant to the provision of the New Cooperative Law of the Philippines. How much should be allocated to COMMUNITY DEVELOPMENT FUND?5. Allocate the same for the Statutory Funds pursuant to the provision of the New Cooperative Law of the Philippines. How much should be allocated to OPTIONAL FUND?

Problem 1: The following were the balances of 5 points accounts in the Statement of Operation of the Natonin Credit Cooperative for the Year Ended December 31, 2019: (see image) 1. Compute for the Net Surplus * Interest Earned from Bank Deposits 178,000 Interest from Loans 50,000 Filling Fee 12,000 Service Fee 38,000 Utilities Expense 6,000 Representation and Travel Allowance 12,000 Taxes and Licenses 1600 Social Services Expenses 1,000 General Assembly Expenses 19,000 Membership Benefit's Expense 18,000 Office Supplies Expense 10,000 Fidelity Bond Premium 900 Repairs and Maintenance 10,000 Depreciation Expenses 39,000 Miscellaneous Expenses 4,000