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Power Company presented the following data for 2021: December January 1 31 Total P4,200,000 P6,300,000 lassets Total 2,000,000 3,500,000 liabilities During 2021, Power Company
Power Company presented the following data for 2021: December January 1 31 Total P4,200,000 P6,300,000 lassets Total 2,000,000 3,500,000 liabilities During 2021, Power Company issued additional share capital of P600,000 and paid dividends to shareholders on record of P400,000. The net income for the year 2021 would be
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