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 780 Property, plant, and equipment, January 1, 20x2 3,600 Property, plant, and equipment, December 31, 20x2 5,400 Additional information: a. There were no write-of fs 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