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20. For Questions 20 - 24 Jasper Cyril started his own computer shop business. He invested P200,000 as his capital and borrowed additional P70,000 to finance the needs of the business. He bought Furniture and fixtures worth P84,000 in cash. Rent Expense for the month is P8,000 and utilities Expense (Electric, water, internet) amounting to P7,000 were paid. He also bought supplies worth P120,000 in cash - half of this was used. Cash sales for the month amounts to P70,000. Before the month ends, He paid 50% for his liability. He withdraw P30,000 for his personal needs. How much is the ending balance of Cash? (1 Point) 86.000 116.000 56,000 91,000 21. How much is the Net Income / (Net Loss)? * (1 Point) 3.000 55.000 (5,000) (65,000) 22. How much the ending balance of his Capital? (1 Point) 225,000 173,000 165,000 O 105,000 24. Did Jasper Cyril operate his business profitably for his first month of operation? * (1 Point) LL No Yes