DE LA SALLE LIPA

College of Business, Economics, Accountancy and Management

Accountancy Department
Second Semester – A.Y. 2012-2013
Auditing Problem
Seatwork IX – Audit of Financial Statements
Name:____________________________________________________________________Date:____________________________
Section:__________________________________________________________________Score:___________________________
Direction: Read and solve the following problems. Write your answer on the space provided before each number.

Problem 1. The summarized general ledger trial balance of Dove Inc., an investment company, includes the following
accounts at December 31,2010:
Debit Credit
Cash P 7,000
Deposits, at call 112,869
Dividends receivable 15,693
Interest receivable 478
Outstanding settlements receivable 4,900
Trading securities 68,455
Listed securities (Available for sale) 1,880,472
Deferred tax asset 655
Outstanding settlements payable P 10,253
Interest payable 280
Other payables 83
Current tax payable 242
Provision for employee benefits 752
Deferred tax 56,414
Share capital 1,368,024
Revaluation reserve – Investments 376,090
Retained earnings _________ 278,384
Total P2,090,522 P2,090522
Note: The provision for employee benefits includes P525 payable within one year.

Required: Based on the result of your audit, determine the following as of December 31,2010:
__________1. Current Assets
__________2. Noncurrent Assets
__________3. Current Liabilities
__________4. Noncurrent Liabilities
__________5. Total shareholders’ Equity

Problem 2. In connection with your audit of the AIM Inc. for the year 2010, you were able to gather the following
accounts from the unadjusted trial balance of the company on December 31,2010:

Cash P170,000
Accounts receivable 525,000
Allowance for bad debts 4,000
Notes receivable 180,000
Prepaid rent expense 10,000
Trading securities 150,000
Merchandise inventory 450,000
Accounts payable 242,500
Note payable 100,000
Accrued expenses 22,000
Bonds payable (due semi-annually in June and December at 30,000) 300,000
Income tax payable 30,000
SSS and HDMF premiums payable 12,000
Withholding tax payable 9,000
Mortgage payable, due July 31,2012 200,000
Contingent liability 80,000

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Additional information is provided below:
a. Cash consists of:
Cash in bank per bank statement (outstanding checks, 12,000) P167,000
Petty cash, including unreplenished petty cash expense vouchers of 150) 500
Customer’s advance deposit in check dated January 15,2011 2,500
P170,000
b. Accounts receivable includes 125,000 selling price of goods sent on consignment at 125% of cost and not included in
the inventory.
c. Notes receivable include notes discounted of 80,000.
d. Accounts payable includes 40,000 cost of purchases in transit FOB destination but not included in the inventory. It also
includes customer’s advance deposit in check dated January 15,2011 of 2,500.
e. The note payable is a promissory note dated October 1,2010, due March 31,2011 with 18% interest per annum. This is
in connection with a loan from a Chubby bank. Accrued expenses exclude the interest payable on the note.

Required: Based on the result of your audit, determine the following as of December 31,2010:
__________1. Cash
__________2. Trade and other receivables
__________3. Total current assets
__________4. Trade and other payables
__________5. Total current liabilities

Problem 3. Your firm has been engaged to examine the financial statements of Oro Inc. for the year 2010. The
bookkeeper who maintains the financial records has prepared all the unaudited financial statements for the corporation
since its organization on January 2,2004. The client provides you with the information below:
Oro Corporation
Statement of Financial Position
December 31,2010
Assets Liabilities
Current Assets 1,881,100 Current Liabilities 962,400
Other assets 5,171,400 Long-term liabilities 1,439,500
________ Capital 4,650,600
7,052,500 7,052,500
a. An analysis of current assets discloses the following:
Cash (restricted in the amount of 400,000 for plan expansion) 571,000
Investment in land 185,000
Accounts receivable less allowance of 30,000 480,000
Inventories 645,100
1,881,100
b. Other assets include:
Prepaid expenses 47,400
Plant and equipment less accumulated depreciation of 1,430,000 4,130,000
Cash surrender value of life insurance policy 84,000
Unamortized bond discount 49,500
Notes receivable (short-term) 162,300
Goodwill 252,000
Land 446,200
5,171,400
c. Current liabilities include:
Accounts payable 510,000
Notes payable (due 2012) 157,400
Income tax payable 145,000
Share premium reserve 150,000
962,400
d. Long-term liabilities include:
Unearned revenue 489,500
Dividends payable 200,000
8% bonds payable (due May 1,2015) 750,000
1,439,500
e. Capital includes:
Retained earnings 2,810,600

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 Share capital, par value P10; authorized 200,000 shares, 184,000 shares issued 1,840,000
4,650,600
The supplementary information below is also provided:

a. On May 1,2010, the company issued at 93.4, 750,000 of bonds to finance plant expansion. The long-term bond
agreement provided for the annual payment of interest every May 1. The existing plant was pledged as security for the
loan. Use straight line method for discount amortization.

b. The bookkeeper made the following mistakes:

1. In 2008, the ending inventory was overstated by 183,000. The ending inventories for 2009 and 2010 were
correctly computed.
2. In 2010, accrued wages in the amount of 275,000 were omitted from the statement of financial position and
these expenses were not recognized in profit or loss.
3. In 2010, a gain of 175,000 (net of tax) on the sale of certain plant assets was credited directly to retained
earnings.

c. Your learned on January 28,2011, prior to completion of the audit, of heavy damage because recent fire to one of Oro’s
two plants; the loss will not be reimbursed by insurance. The plant has a carrying amount of 1,200,000 on the date of
fire.

Required: Based on the above and the result of your audit, determine the following as of December 31,2010:

__________1. Adjusted total current assets

__________2. Adjusted noncurrent assets
__________3. Adjusted current liabilities
__________4. Adjusted noncurrent liabilities
__________5. Adjusted total shareholders’ equity

Problem 4. The alphabetical list of items may be relevant in the preparation of a Statement of Comprehensive Income of
Way Inc. is provided below:

Actuarial gains on defined benefit pension plans recognized outside profit or loss P 1,333
Decrease in inventories of finished goods and work in progress 107,900
Depreciation and amortization expense 17,000
Employee benefit expense 43,000
Exchange differences gain on translating foreign operations 10,667
Financecosts 18,000
Gains on property revaluation 3,367
Income tax expense 32,000
Income tax relating to components of other comprehensive income 9,334
Loss for the year from discontinued operations 30,500
Other expenses 5,500
Other income 11,300
Raw material and consumables used 92,000
Revenue 355,000
Share of other comprehensive income of associates (Unrealized loss of AFS) 700
Share of profit of associates 30,100
Unrealized gain on available for sale financial assets 26,667
Unrealized loss on derivatives in an effective cash flow hedge 4,000
Work performed by the entity and capitalized 15,000

Required: Based on the above and the result of your audit, determine the following:

__________1. Profit for the year

__________2. Other comprehensive income for the year
__________3. Total comprehensive income for the year

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Problem 5. In your audit of Sam Inc.’s statement of comprehensive income for the year ended December 31,2010, you
noted that company reported profit of P10,000,000. You raised questions about the following amounts that had been
included in profit:
Unrealized loss on decline in value of available for sale securities P 500,000
Loss on write-off of inventory due to a government ban net of tax 1,500,000
Adjustment of profit of prior year net – debit 2,000,000
Loss from expropriation of property, net of tax 3,500,000
Exchange differences gain on translating foreign operations 4,500,000
Realized revaluation surplus 1,000,000
The loss from expropriation was unusual in occurrence in Sam’s line of business.

Required: Based on the above and the result of your audit, determine the following:
__________1. Profit for 2010 Statement of Comprehensive Income
__________2. Total comprehensive Income for 2010

Problem 6. Digos Company was organized on January 1,2010. On the same date, 25,000, P100 par value, ordinary
shares were issued in exchange for property, plant and equipment valued at P3,000,000 and cash of P1,000,000. The
following data summarize activities for 2010:
a. Profit for the year ended December 31,2010 was P1,000,000.
b. Raw materials on hand on December 31 were equal to 25% of raw materials purchased.
c. Manufacturing costs were distributed as follows:
Materials used 50%
Direct labor 30%
Factory overhead 20% - including depreciation of building, P100,000
d. Goods in process remaining in the factory on December 31 were equal to 1/3 of the goods finished and transferred to
stock.
e. Finished goods remaining stock on December 31 were equal to 25% of the cost of goods sold.
f. Operating expenses were 30% of sales.
g. Cost of goods sold was 150% of the operating expenses total.
h. 90% of sales were collected during 2010. The balance was considered uncollectible.
i. 75% of the raw materials purchased were paid for. There were no expense accruals or prepayments at the end of the
year.

Required: Based on the result of your audit, determine the following:

__________1. Sales for the year ended 12/31/2010
__________2. Total manufacturing cost for the year ended 12/31/2010
__________3. Total cost of goods manufactured for the year ended 12/31/2010
__________4. Cash as of December 31,2010
__________5. Total current assets as of December 31,2010
__________6. Total liabilities and equity as of December 31,2010

Problem 7. BTV Inc. has recently decided to go public and has hired you as an independent CPA. One statement that the
entity is anxious to have prepared is a statement of cash flows. Financial statements of BTV Inc. for 2010 and 2009 are
provided below.
Statement of Financial Position
12/31/2010 12/31/2009
Cash P153,000 P72,000
Accounts receivable 135,000 81,000
Merchandise inventory 144,000 180,000
PPE (net of Acc. Dep. of 120,000 and 114,000 as of
12/31/2010 and 12/31/2009 respectively) 108,000 P246,000
P540,000 P579,000

Accounts payable P 66,000 P 36,000

Income taxes payable 132,000 147,000
Bonds payable 135,000 225,000
Share capital 81,000 81,000
Retained earnings 126,000 P 90,000

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 P540,000 P579,000

Income Statement
For the year ended December 31,2010
Sales P3,150,000
Cost of sales 2,682,000
Gross profit 468,000
Selling expenses P225,000
Administrative expenses 72,000 297,000
Income from operations 171,000
Interest expense 27,000
Profit before taxes 144,000
Income taxes 36,000
Profit 108,000

The following additional data were provided:

1. Dividends for the year 2010 were P72,000.

2. During the year, equipment was sold for P90,000. This equipment cost P132,000 originally and had a book value
of 108,000 at the time of sale. The loss on sale was incorrectly charged to cost of sales.
3. All depreciation expense is in the selling expense category.

Required: Based on the above and the result of your engagement, you are asked to provided the following information for
the tear ended December 31,2010.

___________a. The net cash provided (used) by operating activities

___________b. The net cash provided (used) by investing activities
___________c. Under the direct method, the cash received from customer is
___________d. Under the direct method, the total taxes paid is
___________e. The net cash provided (used) by financing activities

Problem 8. Arrington Company’s Statement of Financial Position at December 31,2005 and 2006, are as follows:
2005 2006
Assets
Cash 17,000 2,300
Accounts Receivable, net 45,000 42,000
Inventory 23,000 36,200
PPE, net 165,000 147,000
Intangibles - 17,500
Total Assets 250,000 245,000
Liabilities and Equity
Current liabilities 40,000 50,000
Noncurrent liabilities 90,000 95,000
Ordinary shares 100,000 120,000
Share Premium – Excess of Par 40,000 40,000
Retained earnings (20,000) (60,000)
Total Liabilities and Equity 250,000 245,000

The following additional information has been accumulated about 2006 activities:

1. Patents were acquired by issuing a P5,000 long-term note payable and paying the remainder in cash; however,
no amortization was taken since the acquisition took place at year-end.
2. The only entries to PPE accounts were for depreciation and the acquisition of a P10,000 machine.
3. No dividends were declared.
4. Ordinary shares of P20,000 was issued at par.
5. Revenues were P150,000, expenses totaled P190,000.

Required: Using the information given above, determine the following:

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__________a. Net cash provided (used) in operating activities
__________b. Net cash provided (used) in investing activities
__________c. Net cash provided (used) in financing activities
__________d. Amount of Noncash Financing or Investing Activity

Problem 9. The following information is available for the Josie Company:

Debit December 31,2005 December 31,2006
Cash 1,800 2,200
Accounts receivable 4,600 4,720
Notes receivable (short-term) 0 1,000
Inventories 12,000 9,700
Prepaid items 1,700 1,380
Land 11,000 17,100
Buildings and Equipment 78,000 110,000
Goodwill 4,400 4,000
Treasury Shares (Ordinary Shares at
Cost, P25 per share) 2,500 1,000
Total Debit 116,000 151,100
Credit
Accumulated Depreciation 24,000 31,800
Accounts payable 6,000 8,210
Salaries payable 2,600 3,500
Miscellaneous current payables 1,400 1,200
Interest payable 0 140
12% Bonds payable 0 7,000
Premium on bonds payable 0 650
Convertible preference share, P50 par 9,000 6,500
Premium on preference share 3,000 2,500
Ordinary shares, P10 par 18,000 23,500
Premium on Ordinary Shares 28,800 40,850
Retained earnings 23,200 25,250
Total Credit 116,000 151,100
Additional information for the year:
1. Beginning retained earnings, unadjusted P23,200
Less: Prior period adjustment – correction of understatement
of depreciation (net of income taxes) (1,300)
Adjusted beginning retained earnings P21,900
Add: Net Income 12,000
33,900
Less: Cash Dividends P(4,000)
Share dividends (150 shares at P31 per share) (4,650) (8,650)
Ending Retained Earnings P25,250
2. Last year depreciation expense was inadvertently understated in the amount of P1,800. The correction was made this
year to Accumulated Depreciation and to Retained Earnings as a prior-period adjustment. The company also received a
related income tax refund of P500.
3. Sixty treasury shares (ordinary) were reissued at P30 per share.
4. Bonds payable with a face amount of P7,000 were issued for P7,750 on May 1,2006. The bonds mature on May 1,2011
and pay interest semiannually. The straight-line method is used to amortize the bond premium. Interest expense totaled
P460 for 2006.
5. Fifty preference shares (originally issued at P60 per share) were converted into 100 ordinary shares.
6. Land costing P2,900 was sold for P3,800.
7. Three hundred ordinary shares were sold for P32 per share.
8. Equipment costing P32,000 was purchased during the year.
9. Land was acquired at a cost of P9,000 during the year.
10. Depreciation expense was P6,000.
11. Impairment of goodwill was P400.
12. The company loaned money to one of its executives and received a P1,000 short-term note receivable on December
31,2006. The note matures 90 days from the date of issuance.

Required: Based on the data given above, determine the following:

__________a. Net cash provided (used) in operating activities
__________b. Net cash provided (used) in investing activities
__________c. Net cash provided (used) in financing activities

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__________d. Noncash activity in investing and financing activities

Problem 10. In connection with your audit of the FOX Inc. for the year ended December 31,2010, the following financial
information were presented:
FOX Inc.
Statement of Financial Position
December 31,2010 and 2009
2010 2009
Assets
Cash and cash equivalents 45,000 15,000
Accounts receivable 75,000 37,500
Inventory 30,000 22,500
Available for sale securities 285,000 285,000
PPE, net of Acc. Dep. of 75,000 and 90,000 as of
12/31/2010 and 12/31/2009 respectively 105,000 247,500
Intangible asset, net 15,000 22,500
Total assets 555,000 630,000
Liabilities
Accounts payable 75,000 187,500
Income taxes payable 30,000 15,000
Deferred taxes payable 45,000 30,000
Total liabilities 150,000 232,500
Equity
Share capital 97,500 97,500
Retained earnings 307,500 300,000
Total equity 405,000 397,500
Total liabilities and equity 555,000 630,000

FOX Inc.
Income Statement
For the Year ended December 31,2010
Sales 450,000
Cost of sales (150,000)
Gross profit 300,000
Administrative and selling expenses (30,000)
Interest expense (30,000)
Depreciation of PPE (30,000)
Amortization of Intangible asset (7,500)
Dividend income 45,000
Profit before income taxes 247,500
Income tax expense (60,000)
Profit 187,500
Additional Information:
1. The company pays salaries and other employee dues before the end of each month. All administrative and selling
expenses incurred were paid before December 31,2010.
2. Dividend income comprised dividends received from AFS securities. This was received before December
31,2010. Dividends received were classified under investing activities in the last year’s statement of cash flows.
3. Equipment with a carrying amount of P112,500 and cost of P157,500 was sold for P112,500.
4. The company declared and paid dividends of P180,000 to its shareholders during 2010.

Required: Based on the above and the result of your audit, determine the following:

__________a. Cash collections from customers

__________b. Cash paid to suppliers and employees
__________c. Cash paid for income taxes
__________d. Net cash provided by operating activities
__________e. Net cash used in investing and financing activities

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Problem 11. The Income Statement of CSI Inc. is presented below:
CSI Inc.
Income Statement
For the Year Ended December 31,2010
Sales 20,700,000
Cost of Sales:
Inventory, Jan. 1 5,700,000
Purchases 13,200,000
Goods available for sale18,900,000
Inventory, Dec. 31 4,800,000 14,100,000
Gross Income 6,600,000
Operating expenses:
Selling expenses 1,350,000
Administrative expense 2,100,000 3,450,000
Net Income 3,150,000
Additional Information:
1. Accounts receivable decreased P1,080,000 during the year.
2. Prepaid expenses increase P510,000 during the year.
3. Accounts payable to suppliers of merchandise decreased P825,000 during the year.
4. Accrued expenses payable decreased P300,000 during the year.
5. Administrative expenses include depreciation expense of P180,000.
Required: Based on the above data, determine the following:
__________a. Amount of cash received from customers during the year
__________b. Amount of cash paid to suppliers during the year
__________c. Amount of cash paid for operating expenses during the year
__________d. Net amount of cash provided by operating activities

Problem 12. CIA Inc. had the following statements prepared as of December 31,2010:
CIA INC.
Comparative Statements of Financial Position
December 31,2010 and 2009
Dec. 31,2010 De. 31,2009
Cash 30,000 35,000
Accounts receivable 540,000 505,000
AFS (current) 175,000 90,000
Inventories 161,688 300,000
Prepaid rent 25,000 20,000
Machinery and equipment 770,000 650,000
Acc. Dep. – Machinery and Equipment (175,000) (125,000)
Total Assets 1,526,688 1,475,000

Accounts payable 230,000 200,000

Income taxes payable 20,000 30,000
Wages payable 40,000 20,000
Short-term loans payable 40,000 50,000
Long-term loans payable 300,000 345,000
Ordinary shares, P10 par 500,000 500,000
Share premium 150,000 150,000
Retained earnings 246,688 180,000
Total liabilities and equity 1,526,688 1,475,000
CIA INC.
Income Statement
For the Year Ended December 31,2010
Sales 1,690,750

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 Cost of Sales (875,000)
Gross Profit 815,750
Operating expenses 620,000
Interest expense 47,000 667,000
Income before tax 148,750
Income tax expense 52,062
Net Income 96,688
Additional Information:
1. Dividends in the amount of P30,000 were declared and paid during 2010.
2. Depreciation expense is included in operating expenses.
3. No unrealized gains or losses have occurred on the AFS securities during the year.

Required: Based on the given data, calculate the following:

__________a. Cash received from customers
__________b. Cash paid to suppliers
__________c. Cash paid for operating expenses
__________d. Net cash provided by operating activities
__________e. Net cash used in investing activities
__________f. Net cash used in financing activities

Problem 13. CAR Inc. provided the following comparative statement of financial position and additional information during 2009:

2009 2008
Cash and cash equivalents 5,600,000 7,400,000
Accounts receivable 3,000,000 3,500,000
Inventory 8,000,000 6,500,000
Prepaid expenses 400,000 600,000
Property, plant and equipment 55,000,000 42,000,000
Accumulated depreciation (20,000,000) (16,000,000)
Accounts payable 6,000,000 9,500,000
Accrued expenses 1,500,000 500,000
Note payable – bank (current) 2,000,000 5,000,000
Note payable – bank (noncurrent) 10,000,000 -
Ordinary share capital 30,000,000 30,000,000
Retained earnings 2,500,000 (1,000,000)
Cash needed to purchase new equipment and to improve the entity’s working capital position was raised by borrowing from the bank
with a long-term note. Equipment costing P2,000,000 and book value of P1,500,000 was sold for P1,800,000. The entity paid cash
dividend of P3,000,000 in the current year. There were no entries in the retained earnings account other than to record dividend and
net income for the year.

Required: Determine the following:

__________a. Net cash inflows (outflows) from operating activities
__________b. Net cash inflows (outflows) from investing activities
__________c. Net cash inflows (outflows) from financing activities

Problem 14. The following information was obtained from analysis of selected accounts of CAP Inc. for the current year.

Increase in long-term debt 5,000,000

Purchase of treasury shares 1,000,000
Depreciation and amortization 1,500,000
Gain on sale of equipment 500,000
Proceeds from issuance of share capital 4,000,000
Purchase of equipment for cash 7,000,000
Proceeds from sale of equipment 2,000,000
Payment of cash dividend 2,500,000
Net Income 8,000,000
Increase (decrease) in working capital accounts:
Accounts receivable 2,000,000
Inventory (3,500,000)
Trade accounts and notes payable 4,000,000
Income tax payable (4,500,000)
Cash balance, January 1 6,000,000

Required: Determine the following:

__________a. Net cash inflows (outflows) from operating activities

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__________b. Net cash inflows (outflows) from investing activities
__________c. Net cash inflows (outflows) from financing activities
__________d. Cash balance on December 31

Problem 15. The December 31,2010, Income Statement of CISA Inc. contained the following condensed information:
Fees Revenue 2,520,000
Operating expenses (excluding depreciation) 1,872,000
Depreciation expense 180,000
Loss on sale of equipment 78,000 2,130,000
Income before income taxes 390,000
Income tax expense 120,000
Net Income 270,000
CISA Company’s comparative statements of financial position at December 31,2010 and 2009, contained the following
data:
2010 2009
Accounts Receivable 111,000 162,000
Accounts payable (pertaining to operating expenses) 123,000 93,000
Income taxes payable 12,000 25,500

Required: Based on the above data, determine the following:

__________a. Cash received from the customers
__________b. Cash paid for operating expenses
__________c. Net cash provided by operating activities

Problem 16. WAY Inc. is preparing a statement of cash flows for the year ended December 31,2009. The following
account balances are gathered:
12/31/2008 12/31/2009
Machinery 2,500,000 3,200,000
Accumulated Depreciation 1,020,000 1,200,000
Loss on sale of machinery 40,000
During 2009, WAY sold for P260,000 a machine that cost P400,000 and purchased several items of machinery.
Required: Determine the following:
__________a. Depreciation expense of machinery for 2009
__________b. Machinery Purchased in 2009
__________c. Net cash inflows(outflows) arising from investing activities

Problem 17. WIN Inc. reported a net income of P3,000,000 for the current year. Changes occurred in certain accounts
as follows:
Equipment 250,000 increase
Accumulated depreciation 400,000 increase
Note payable 300,000 increase
1. During the year, WIN sold equipment costing P250,000, with accumulated depreciation of P120,000 for a gain of
P50,000.
2. In December of the current year, WIN purchased equipment costing P500,000 with P200,000 cash and a 12%
note payable of P300,000.
Required: Determine the following:
__________a. Net cash inflows (outflows) in investing activities
__________b. Net cash inflows (outflows) in operating activites

Problem 18. Problem XXIX. In preparing its statement of cash flows for the current year, AIR Inc. collected the following
data:
Gain on sale of equipment 60,000
Proceeds from sale of equipment 100,000
Purchase of AFS Bonds ( par value P2,000,000) 1,800,000
Amortization of bond discount 20,000
Dividend declared 450,000
Dividend paid 380,000

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Proceeds from sale of treasury shares (CV, P650,000) 750,000
Required: Determine the following:

__________a. Net cash inflows (outflows) provided by financing activities

__________b. Net cash inflows (outflows) provided by investing activities

Audit of FS – SW9
1. 209,395 – 1,881,127 – 11,383 – 56,641 – 2,022,498
2. 155,350 – 496,000 – 1,361,350 – 247,500 – 437,500
3. 1,505,800 – 5,497,200 - 1,659,500 – 864,500 – 4,479,000
4. 65,500 – 28,000 – 93,500
5. 7,000,000 – 11,000,000
6. 4,000,000 – 3,000,000 – 2,250,000 – 500,000 – 2,600,000 – 5,500,000
7. 153,000 – 90,000 – 3,096,000 – 51,000 – (162,000)
8. (12,200) – (22,500) – 20,000 – 5,000
9. 23,450 – (38,200) – 15,150 – 3,000
10. 412,500 – 300,000 – 30,000 – 52,500 – 22,500
11. 21,780,000 – 14,025,000 – 4,080,000 – 3,675,000
12. 1,655,750 – 706,688 – 555,000 – 285,000 – 205,000 – 85,000
13. 7,400,000 – (13,200,000) – 4,000,000
14. 10,000,000 – (5,000,000) – 5,500,000 – 16,500,000
15. 2,571,000 – 1,842,000 – 595,500
16. 280,000 – 1,100,000 – (840,000)
17. (20,000) – 3,470,000

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 18. 370,000 – (1,700,000)
19.

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