The capital account of Joel Hilltop had a credit balance of P420.000 at the end of the year and P50.000 at the beginning of the year. The income summary account showed a debit entry of P325.600 and a credit entry of P728.900. Determine the withdrawal of Joel Hilltop during the year. The Unearned advertising revenue at the beginning of the year totaled P76.000. Advertising revenue recorded during the year before adjustments amounted to P623,500. The balance of the Unearned advertising revenue at year end was P48.200. How much advertising income is to be reported for the year?' On April 1, 2020. Jan Company purchased computers for office use. The cost of the computers was P90.000. On the date of purchase, the management estimated that the computer would last approximately 5 years and would have a residual value of P15,000. Compute for the carrying amount of the computer equipment on December 31, 2020, assuming that the company uses straight line method of depreciation