Alice in Borderland had total assets and total liabilities of P120,000,000 and

P70,000,000, respectively, at the beginning of the period. During the period, Alice in
Borderland earned a total income of P60,000,000 and incurred total expenses of
P40,000,000. The entity’s total assets increased to P130,000,000 by year-end. There
were no additional contributions by, or distributions to, the owner during the period. How
much is the entity’s ending total liabilities?

P60,000,000