Note 1- Trade and other receivables

Accounts receivable ₱500,000

Claim receivable 20,000
Allowance for doubtful accounts (50,000)
Notes receivable 150,000
Trading securities 250,000
Total trade and other receivables ₱870,000

Note 2- Inventories
Finished goods ₱400,000
Goods in process 600,000
Raw materials 200,000
Factory supploes 50,000
₱1,250,00
Total Inventories 0

Note 3- Prepaid expenses

Prepaid insurance ₱20,000

Note 4- Property, plant and equipment

Cost Book
Accumulated Depreciation
Value Value
₱1,500,00 ₱1,500,00
Land 0 - 0
₱4,000,00 ₱2,400,00
Building 0 (₱1,600,000) 0
₱2,000,00
Machinery 0 (₱1,300,000) ₱700,000
Tools ₱40,000 - ₱40,000
₱4,640,00
Total PPE (Book Value) 0

Note 5- Long-term investments

Plant expansion fund ₱500,000
Investment in bonds 1,500,000
₱2,000,00
Total long-term investments 0

Note 6- Intangible assets

Franchise ₱200,000
Goodwill 100,000
Total other noncurrent assets ₱300,000

Note 7- Trade and other payables

 Accounts payable ₱300,000
Notes payable 100,000
Accrued interest on notes payable 10,000
Income tax payable 60,000
Advances from customers 100,000
Employees income tax payable 20,000
Accrued expenses 30,000
Total trade and other payables ₱620,000

Note 8- Reserves
Share premium ₱500,000