5. The net income for the year ended December 31, 2020 for Bongbil Corporation was P3,520,000 Additional data follow: Purchase of plant assets P2,800,000 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 (used) from operating activities in Bonghil's statement of cash flows for the year ended December 31, 2020? a 637,040 c. 637,080 b. 735,440 d. 5,420,000 6. JYD Company reported the following information for the current year: Sales P2,800,000 Cost of goods sold 1.000.000 Distribution costs 400,000 Administrative expenses 350.000 Depreciation 250.000 Interest expense 80,000 Income tax expense 280.000 All sales were made for cash and all expenses other than depreciation and bond premium amortization of P20,000 were paid in cash. All current assets and current liabilities remained unchanged. What is the net cash provided (used) by operating activities for the current year? 440,000 b. 690.000 c. 670,000 d 710,000 a 7. Melanie Company had the following account balances for the current year. December 31 January 1 Accounts payable P500,000 P700,000 Inventory 300,000 450,000 Accounts receivable 800,000 750,000 All purchases of inventory were on account The entity provided the following income statement information for the current year Revenue P9,800,000 Cost of goods sold (4.000.000) Other expenses (1.300,000) Depreciation expense (1,000,000) Loss on sale of equipment 100,000) Net Income P3,400,000 What is the net cash provided (used) by operating activities? a. 4,500,000 b. 4,400,000 C 4.600,000 d 4.300,000 8. Peter Senen Company provided the following data for the current year. Sales P7,500,000 Cost of goods sold 14,000,000) Expenses paid (1,100,000) Depreciation l 400,000) Net Income P2,000,000 Increase in accounts receivable P500,000 Decrease in inventory 1,000,000 Decrease in accounts payable 600,000 What amount of cash was received from the customers? a. 8,000,000 b. 7,000,000 c. 6,500,000 d. 5,500,000