Suggested solution: Assets Current Assets Cash Accounts receivable, net of allowance for uncollectible accounts of P25,000 Advances to suppliers Inventory Total current assets Non-current assets Land Building, net of P50,000 accumulated depreciation Printing equipment, net of P13,333 accumulated depreciation Total property, plant and equipment Total assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued expenses Current portion of mortgage payable Interest payable Unearned revenue Total current liabilities Non-current liabilities Mortgage payable, net of current portion Total liabilities Shareholders' Equity Ordinary share capital Retained earnings Total shareholders' equity Total liabilities and shareholders' equity