ABC Company provided the following account balances: 2018 2019 Equipment Accumulated Depreciation 1,200,000 380,000 1,020,000 204,000 Gain on sale of equipment 44,000 In 2018, the entity sold the equipment for P300,000 with an original cost of P320,000 and purchased a new equipment. Compute for: 1, Net book value of the sold equipment 2. Depreciation expense for 2018 3. Purchase cost of the new equipment 4. Net increase/(decrease) in cash related to the sale and purchase of equipment