Solve the following problem using the accounting equation ( Assets= Liabilities+ Owner's Equity) Mr. Estillore start his new Internet Cafe business and completed these transaction during December 31, 2020. First transaction, December 1, Mr. Estillore made an initial investment of Php500,000 to start his business. What will be the effect of this transaction to the accounting equation? December 1 , Mr Estillore purchased office equipment at 200,000 by paying 50,000 and the balance will be on the credit. What will be the effect of this transaction to the accounting equation? December 5, Mr Estillore paid 10,000 for the rent of the place that he will occupy for the business.What will be the effect of this transaction to the accounting equation? December 10, the office equipment was delivered and Mr. Estillore paid the balance of 150,000. What will be the effect of this transaction to the accounting equation? December 15, Mr Estillore received an amount of 300,000 as loan from a bank payable in two years. What will be the effect of this transaction to the accounting equation? On December 20, Mr. Estillore's business becomes operational. He earned 48,215 as income. On December 28, Mr. Estillore rendered graphic design services to some customers for the total of 16,750. 5,000 of this revenue is on account and the balance was paid in cash. On December 29, Mr. Estillore received a payment for the graphic design services he rendered on the December 28. On December 30, Mr. Estillore made with a withdrawal from his investment amounting 20,000 for his personal use. On December 31, Mr Estillore paid the total amount of 15,500 for utilities expense. Required: Use the following Accounts. Cash, Accounts Receivables, Office Equipment, Accounts Payable, Notes Payable, Mr. Estillore Drawing, Revenue and Expenses. Questions: After the Computation of Mr. Estillore's transaction as of December 31, 2020, How much will be his total assets? How much is the total Liabilities? How much is the total revenue for the month of December? How much is the total cash for the month of December? How much is the total Liabilitiy and Owner's Equity?