On december 31,2018 the bookkeeper of Jennt merchandising provided the following information:

Accounts payable-trade .......4,350,00

Accounts receivable-trade ......3,100,00

Bank loan, short-term borrowings..... 1,500,000

Processing formulas ......300,000

Land held for speculation...... 2,500,000

Land ......5,000,000

Change fund .....30,000

Prepaid advertising ......80,000

Unused office supplies .......20,000

Notes payable-trade ......2,500,000

Notes receivable ........1,000,000

Copyright ........300,000

Tools...... 100,000

Building...... 8,000,000

Machinery...... 5,000,000

Office furniture...... 1,800,000

Computer software ......500,000

Bonds payable .......5,000,000

Time deposit due december 31, 2023...... 5,000,000

Premium on bonds payable..... 500,000

Cash in PNB#001 .......2,300,000

Cash in PNB#002 .......(150,000)

Jenny, capital..... 17,880,000

Accumulates depreciation, building....... 2,000,000

Accumulates depreciation, machinery...... 1,500,000

Accumulates depreciation, office furniture ......800,000

Jenny, drawing..... 2,800,000

Allowance for doubtful accounts ......300,000

Raw materials ........500,000

Accrued expenses ......250,000

Goods in process ......600,000

Accrued interest on notes receivable ......50,000

Cash on hand for deposit ......700,000

Investment in associate ........1,000,000

Mortgage payable in semi-annual installments of P500,000 ...... 4,000,000

SSS payable........ 200,000

Withholding tax payable .........150,000

Finished goods........ 1,000,000

Required: prepare the statement of financial position of Jenny Mechandising of december 31, 2018 with supporting schedule