Ricardo Aninang established business on April 1,2017 and invested P5,000 cash and a building valued at P100,000. A summary of transactions for April as follows; 1. Collected rent for the month, P10,000. 2. Paid insurance premium on building, P1,500. 3. Paid MERALCO,P500. 4. Paid salaries, P1,500. 5. Bought supplies, P400 6. Borrowed P20,000 from Far East Bank. 7. Paid P300 interest on bank loan. 8. Withdrew P600 for personal use. 9. Paid P10,000 bank loan 10. Received P500 from the services rendered. REQUIRED: State the effects of the above transactions on the ASSETS, LIABILITIES, O.E., REVENUES AND EXPENSES.