1.COMPUTE THE NET CASH PROVIDED ( USED) FROM OPERATING ACTIVITIES (Input only entry that's necessary for Operating Activities) Credit and Collection Inc. uses the direct method to prepare its statement of cash flows. Charade had the following cash flows during 2011. Cash receipts from issuance of ordinary shares P 800,000 Cash receipts from customers 400,000 Cash receipts from dividends on long term investments 60,000 Cash receipts from repayment of loan made to another company 440,000 Cash payments for wages and other operating expenses 240,000 Cash payments for insurance 20,000 Cash payments for dividends 40,000 Cash payments for taxes 80,000 Cash payment to purchase land 160,000 What is the net cash provided (used) from operating activities? 2. The net income for the year ended December 31, 2020 for Prince Town Corp. was P 3,520,000. Additional data follow: Purchase of plant assets P 2,800,000 Depreciation of plant assets 1,480,000 Dividends declared on plant assets 970,000 Net decrease in non-cash current assets 290,000 Loss on sale of equipment 130,000 What should be the cash provided from operating activities in Prince Town Corp. statement of cash flows for the year ended December 31, 2020?