Exercise 5 The following data are taken from the records of Butt I. Que for the year 2017 Lep fees received from dients Depreciation expense Proceeds of bank loan Cash purchase of land Provision for bad debts Additional investment of Atty. Que Partial payment of bank loan Commission income receivable Research income received Taxes and licenses payable Operating expenses Collection of accounts Interest on bank loan said Proceeds from sale of equipment P 408,000 70,000 504,000 1.100,000 18,000 300,000 200,000 23,000 32,000 7,240 360,000 600,000 94,000 860,000 Cash balance on January 1, 2017 is 200,000 Required: Prepare a statement of cash flows then determine the following: 1 Net cash flow from operating activities 2. Net cash flow from investing activities 3. Net cash flow from financing activities 4. Net increase/decrease in cash 5. Cash balance on December 31, 2017