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Corporation has the following information for the current year: Profit for the period P 5,700,000 Amortization of Patent 150,000 Impairment of PPE 500,000 Depreciation 700,000

Corporation has the following information for the current year:

Profit for the period

P 5,700,000

Amortization of Patent

150,000

Impairment of PPE

500,000

Depreciation

700,000

Income Tax Expense

1,900,000

Loss on Sale Assets

200,000

Unrealized Gain on FVOCI

300,000

Unrealized Gain on FVPL

400,000

Asset revaluation reserve

1,200,000

Cumulative Translation Adjustment - Gain

350,000

Realized Gain on Foreign Currency Transaction

400,000

Unrealized Gain on Foreign Currency Translation

450,000

Increase on Trade Receivables

1,200,000

Decrease on Inventories

2,500,000

Increase in other current assets

750,000

Increase in Trade Payables

2,200,000

Increase in Notes Payable - Trade

800,000

Income Taxes Paid

250,000

Cash Dividends Declared

3,000,000

Cash Dividends Paid

2,000,000

Purchase of Treasury Stock

750,000

Purchase of Short Term Investments

480,000

Purchase of Long Term Investments

520,000

Acquisition of PPE

3,200,000

Purchase of Intangibles

1,800,000

Acquisition of Investment Property

4,000,000

Proceeds from Sale of Non-current Assets

8,000,000

Issuance of Notes Payable - Bank

3,500,000

Payment of Borrowings

4,500,000

Issuance of Bonds Payable

2,400,000

Issuance of Ordinary Shares

3,750,000

Required:

Using IAS No. 7 Prepare a Statement of Cash Flows using the Indirect Method

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