For Nos.

3 -7  ( 3 points each )

The following changes in account balances and other information for 2020:

                                                              Net Changes for 2020

                                                              Debit                 Credit

Cash                                                                         P  2,000,000

Accounts receivable                    P  1,900,000

Inventory                                                                        2,400,000

Land                                                                               1,700,000

Building and equipment                 23,000,000

Accumulated depreciation                                              4,500,000

Accounts payable                                                           1,600,000

Salaries payable                                 600,000

Bonds payable                                                                5,000,000

Ordinary shares, no par                                                 3 ,000,000

Retained earnings                      ____________________________

                                                 P  25,500,000         P   25,500,000

Operating

Investing

Financing

 Other information:  Net income was P 9,900,000.  Dividends were declared and paid. 
Land was sold for P 1,700,000; a building was purchased for P 23,000,000.  No land was
purchased and no buildings and equipment were sold.  Bonds payable were issued at the
end of the year.  Two thousand shares were issued for P 15 per share.  The beginning
cash balance was P 4,800,000.

Compute the following:

3. The cash balance at end of 2020 is-

 

4. The net cash flow from operating activities amounted to-

5. The net cash flows from investing activities in 2020 amounted to

6. The net cash flows from financing activities in 2020 amounted to-

7. How much dividends were declared and paid in 2020