Karunungan, Renzo Miguel G.

INTACC3, AIS-2A
Statement of cash flows

Required:

1. Net cash provided by operating activities

Net income P108,000

Loss on Sale of Equipment 18,000
Depreciation Expense 30,000
Increase in Accts. Receivable (54,000)
Decrease in Merch, Inventory 36,000
Increase in Accts, Payable 30,000
Decrease in Income tax payable (15,000)
Net cash provided by operating activities P153,000

2. Net cash provided by investing activities

Sales of Equipment P90,000

3. Cash received from customers

Credit Sales P3,150,000

Accounts receivable, (12/31/19) 81,000
Accounts receivable, (12/31/20) (135,000)
Cash Received P3,096,000

4. Cash paid for income taxes

Income taxes P36,000

Income tax payable,(12/31/19) 147,000
Income tax payable,(12/31/19) (132,000)
Cash paid P51,000

5. Net cash provided by financing activities\

Dividends (P72,000)
Payment of Bonds payable (90,000)
Net Cash provided by financing activities P162,000