Total noncurrent

liabilities 2,050,000
Shareholder's equity:
Share capital P100 par,
40,000 shares
authorized
30,000 shares issued
3,000,000
Reserves 6 250,000
Retained Earnings 7
3,750,000
Treasury shares, at
cost, 2000 shares -
250,000
Total shareholder's
equity 6,750,000
Total liabilities and
shareholder's equity
10,000,000
Note 1 - Trade and other receivables

Accounts Receivable
750,000
Allowance for doubtful
accounts -50,000
Total 700,000