Additional information: 1. Net income for the year was P790,000 2…. Additional informat

Additional information: 1. Net income for the year was P790,000 2…. Additional information:1. Net income for the year was P790,0002. Cash dividend of P500,00 was declared3. Equipment costing P600,000 with carrying amount of P350,000 was sold for P350,0004. Equipment costing P110,000 was acquired through the issuance of long-term debt5. Long term investment was sold for P135,000. No other transactions affected long-term investment6. 10,000 ordinary shares were issued for P22 per share REQUIRED:1. Net cash provided (used) by operating activities2. Net cash provided (used) by investing activities3. Net cash provided (used) by financing activities Image transcription textAssets Increase / -Decrease Cash and cash equivalents 100,000 Short term investments 300,000 Accountsreceivable, net O Inventory 80,000 Long-term investments -100,000 Property, plant and equipment 700,000Accumulated depreciation O 1,080,000 Liabilities and Shareholders’ Equity Increase / -Decrease … Show more… Show more Accounting Business Managerial Accounting BSA 101 Share QuestionEmailCopy link