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The following data is taken from the financial statements of a service business for the year ended December 31, 2018: From the foregoing, compute for the owner's capital as at December 31, 2018.* Assets Liabilities Service income Operating expenses Owner's drawing P1,239,400 520,000 1,234,120 654,300 250,000 Your answer The cash account of ISAY Trading had a beginning balance of P50,000. During the period, the following transactions affected cash: How much is the ending balance of cash? . . Services rendered for cash - P82,560 Payment of expenses - P20,970 Additional investment by the owner - P52,000 Advance payment of rent for three months - P30,000 Payment to creditors - P20,500 Collection of account from customers - P5,000