Please see the attached photo.

Part 1

2011 2012 Cash 27,500 20,000 Accounts Receivable 70,000 46,000 Investments, at cost 10,000 17,500 Property, Plant & Equipment 90,000 65,000 Accumulated depreciation 30,000 22,500 Accounts Payable 47,500 37,500 Lena, Capital 120,000 88,500 Additional information: an investment was sold for $12,500 during the year. There was no disposal of property, plant and equipment during the year. the net income for the year was $30, 000, after income tax expense of P12, a personal withdrawal of P23,500 was made on December 31, 2011