The initial investment of the owner in his business is ₱75,000. At the end of each year, the total assets of the business amounted to ₱100,000, which consists of ₱50,000 cash and ₱50,000 equipment....

The initial investment of the owner in his business is ₱75,000. At the end of each

year, the total assets of the business amounted to ₱100,000, which consists of

₱50,000 cash and ₱50,000 equipment. The equipment has an unpaid balance of

₱20,000, the only liability of the business. How much is the owner‟s equity at the end

of the year?