1. The movements in the cash account of NONCHALANT COOL Co. during 20x2 are shown below. Cash 200 6,000 20 270 40 beg Sales Interest income Rent income Dividend income Held for trading securities Sale of old building Collection of non-trade note Proceeds from loan with a bank Issuance of shares 800 520 60 1,600 970 3,800 1,200 30 70 100 1,100 130 240 200 90 3,520 Purchases Operating expenses Interest expense Income taxes Investment in FVOCI Purchase of equipment Loan granted to employee Payment of loan borrowed Reacquisition of shares Dividends end. Requirement: Prepare the statement of cash flows of NONCHALANT COOL Co. for the year ended December 31, 20x2. (Use Option 1 in classifying cash flows from operating activities.) 2. IMPECCABLE FLAWLESS Co. had the following information during 20x2: Accounts receivable, January 1, 20x2 1,200 Accounts receivable, December 31, 20x2 800 Sales on account and cash sales 16,000 Bad debts expense 400 Accounts payable, January 1, 20x2 700 Accounts payable, December 31, 20x2 400 Cost of sales 8,000 Increase in inventory 1,800 Operating expenses on accrual basis 2,440 Increase in accrued payables for operating expenses 820 Decrease in prepaid operating expenses Property, plant, and equipment, January 1, 20x2 3,600 Property, plant, and equipment, December 31, 20x2 5,400 Additional information: There were no write-offs of accounts receivable during the year, b. Equipment with an accumulated depreciation of P400 was sold during the year for P240 resulting to a gain on sale of P30 Requirements: Compute for the following: (a) cash receipts from customers, (b) cash payments to suppliers, (c) cash payments for operating expenses, and (d) cash payments for acquisition of property, plant, and equipment. 780 a