#17 The beginning balances of a sole proprietorship amounted to P3,000,000 and P1,200,000 for total assets and total liabilities, respectively. The assets increased by 80% while the liabilities...

#17

The beginning balances of a sole proprietorship amounted to P3,000,000 and P1,200,000 for total assets and total liabilities, respectively. The assets increased by 80% while the liabilities increased to 150% of its beginning balance. Determine the ending balance of equity.