QUESTION: Construct the statement in changes in equity: Hyrule Motors, a motorcycle repairs and maintenance services provider, had the following transaction during 2020, its first month of operations: January 1. The owner, Link, invested P1,000,000 cash to start the business. January 1. Hyrule Motors bought computer equipment totaling P240,000 using cash. January 1. Bought furniture and fixtures using cash, P400,000. January 1. Bought machineries totaling P500,000 on account. January 3. Bought office supplies amounting 50,000 cash. January 7. Rendered services amounting to P800,000, on account January 8. Rendered services amounting to P200,000 cash. January 13. Paid 300,000 for the machineries bought on January 1. January 27. Received P400,000 cash as payment for the services rendered on January 31. January 31. Paid P100,000 for the month's utilities. No. Account Title 110 Cash 120 Accounts Receivable 130 Office Supplies 140 Prepaid Rent 150 Machineries 160 Computer Equipment 170 Furniture and Fixtures 210 Accounts Payable 220 Utilities Payable 230 Unearned Revenue 310 Link, Capital 410 Service Revenue 510 Utilities Expense 520 Rent Expense Trial Balance Debit Credit P240.000 400,000 50,000 360.000 500,000 240.000 400.000 P200,000 Hyrule Motors Worksheet For the Year Ended December 31, 2020 Adjustments Adjusted Trial Balance Debit Credit Debit Credit P240.000 P25,000 425,000 50,000 P270,000 90,000 500,000 240,000 400,000 P200,000 50,000 50,000 45,000 45,000 1,000,000 1,070,000 50,000 150,000 270,000 270,000 P390,000 P390,000 P2,365,000 P2,365,000 Income Statement Balance Sheet Debit Credit Debit Credit P240,000 425,000 50,000 90.000 500,000 240.000 400,000 P200,000 50,000 45,000 1,000,000 P1,070,000 P150,000 270.000 P420,000 P1,070,000 P1,945,000 P1,295,000 650,000 650,000 P1,070,000 P1,070,000 P1,945,000 P1,945,000 90,000 1,000,000 1,000,000 70,000 100,000 P2,290,000 P2,290,000 Profit