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Question 1 of 16 21 A service company's working capital at the beginning of January of the current year was P70,000. The following transactions occurred during January Performed services on account P30,000 Purchased supplies on accountI 5,000 Consumed supplies.... 4,000 Purchased office equipment for cash 2,000 Paid short-term bank loan 6,500 Paid salaries 10,000 Accrued salaries 3,500 What is the amount of working capital at the end of January? Select the correct response P50,500 P80,500 P90.000 P47.500 Polar Glacier Company has the following information on its 2019 income statement Sales Cost of Goods Sold Other Expenses Depreciation Expenses Interest Expense Taxes paid Dividends paid $ 68,000 22,000 4,800 7,500 9.200 6,400 8,700 New equity issue Debt redeemed $ 5,600 4,200 What was the cash flow from operating activities? Select the correct response $27,300 $33,700 $18,100 $25,600 The average stockholders equity for ABC Company for 2020 was P2,000,000 Included in this figure is P200,000 par value of 8% preferred stock, which remained unchanged during the year. The return on common shareholders equity was 125% during the 2020 How much was the net income of the company in 2020? Select the correct response P250,000 P225,000 P234,000 P241,000