Company reported the following account balances for 2021:

Decembersl Jamaal Accounts payable 500,000 650,000 3:00:00\" 2504300 ammo 400,000 Prepaid expenses 400,000 500,000 I All purchases of inventory were on account. I Depreciation expense of P900,000 was recognized during 202 1 . I Equipment was sold during 2021 and a gain of P300,000 was recognized. The entity provided the following cash flow information for 202 1 : Cash collected from customers 9,500,000 Cash paid for inventory 4,100,000 Cash paid for other expenses 1,400,000 Cash ow from operations 4,000,000