Problem #3C a. At the beginning of the year, the assets of Cleofe Arib Services were P360,000 and its owner's equity was P200,000. During the year, assets increased by P120,000 and liabilities increased by P20,000. What was the owner's equity at the end of the year? b. At the beginning of the year, Cora Gabayan Calling Station had liabilities of P100,000 and owner's equity of P96,000. If assets increased by P40,000 and liabilities decreased by P30,000, what was the owner's equity at the end of the year? c. The liabilities of tenore Loqueloque Stylist equal one-third of the total assets, and the owner's equity is P240,000. What is the amount of the liabilities? Required: Use the accounting equation to answer each of the questions above