31

FDN Company shows the following balances on December 31, 2021:

Accounts receivable P250,000

Accumulated depreciation P400,000

Allowance for uncollectible accounts P76,000

Cash P200,000

Property, plant and equipment P700,000

Supplies P30,000

How much is the Current Assets in the Statement of Financial Position as of December 31, 2021?

32

On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information are taken from its books on December 31, 2021, end of the accounting period:

Cash received from customers	P 139,000
Cash received from sale of equipment	14,600
Purchase of equipment for cash	13,000
Additional cash investment of owner	20,000
Cash paid for bank loan	9,000
Cash received for sale of long-term investments	10,000
Payment for operating expenses	85,500
Note issued for acquisition of company vehicle	7,500

How much was the net cash flow provided by (used in) investing activities? Enter as a negative amount if its used in investing activities.