3. The company presented following in order to aid the accountant in preparing the CFS: a. Net income: Php 200,000 b. Depreciation Expense: Php 25,000 c. Gain on sale expenses: Php 100,000 d. Decrease in trade and other receivables: Php 70,000 e. Purchase of property and equipment: Php 200,000 f. Payment of loan from bank: Php 150,000 Compute for the cash generated/used in financing activities. 4. Based on the given in number 3, compute for the net change in cash for the year. 5. If the ending balance of cash account is Php 700,000, prepare the CFS for the year