You have been appointed as auditor of My Harmony Inc. Its bookkeeper reports the following balance sheet amounts as of June 30, 2012. Current assets P2,953,000 Other assets 6,306,000 Current liabilities 1,674,200 Owner's equity 5,584,800 A review of account balances reveals the following data. a. An analysis of current assets discloses the following: Cash P595,000 Investment securities - trading 400,000 Accounts receivable 683,000 Inventories, including advertising supplies of P35,000 1,275,000P2,953,000 b. Other assets include the following: Property, plant and equipment: Depreciated book value (cost, P7,750,000) P5,545,000 Deposit with a supplier for merchandise ordered for August delivery 107,000 Goodwill recorded on the books to cancel losses incurred by the company in prior years 654,000 P6,306,000 c. Current liabilities include the following: Payroll payable P125,500 Taxes payable 88,700 Rent payable 77,000 Accounts payable Total owed to suppliers on account P1,113,000 Less: 6-month note received from a supplier who purchased some used equipment on June 29, 2012 50,000 1,063,000 Note payable 320,000 P1,674,200 d. Other liabilities include the following: 10% mortgage on property, plant and equipment, payable in semiannual installments of P200,000 through June 30, 2017 P2,000,000 e. Owner's equity includes the following: Preferred shares: 150,000 shares outstanding (P20 par value) P3,000,00 0 Ordinary shares: 1,750,000 shares at P1 stated value 1,750,000 Additional paid-in capital 834,800 5,584,800 f. Common shares were originally issued for P4,950,000 but the losses of the company for the past years were charged against additional paid-in capital. As of June 30, 2012, the audited balance of the following would be:

Questions: Show a correct balance sheet in good form. June 30, 2012 for My Harmony, Inc.