Question 68 2 pts On January 1, the shop owner withdrew P100,000 from her personal savings account and invested it in the shop. The next day, the owner bought shop equipment amounting to P10,000 in cash. On January 15, the business paid the January rent amounting to P30,000. In the shop's books, how much is the Cash balance as of month-end? P60,000 O P50,000 OP90,000 O P80,000 Question 67 2 pts You were given the following selected account balances of a service firm as of year-end: Salaries and Wages Expense: P320,000 Rent Expense: P50,000 Accrued Interest Expense: P2,000 Utilities Expense: P85,000 Prepaid Insurance Expense: P70,000 . . Based solely on the above, how much was the company's total expenses for the year? O P527,000 P457,000 P525,000 P455,000