Income Statement For the year ended December 31, 2019 Sales P 3.150.000 2.682.000 Cost of Sales 468,000 P 225.000 22.000 Gross profit Selling expenses Administrative expenses Income from operations Interest expense Profit before taxes Income taxes Pront 227.000 171.000 22000 144.000 36.000 2108000 The following additional data were provided 1. Dividends for the year 2019 were P72,000 2. During the year, an equipment was sold for P90,000. This equipment originally cost P132,000 and had a book value of P108,000 at the date of sale. The loss on sale was incorrectly charged to cost of sales 3. All depreciation expense is in the selling expense category QUESTIONS. Based on the above and the result of your engagement you are asked to provide the following information for the year ended December 31, 2019 1. The net cash provided by operating activities 2. The net cash provided (used) by investing activities is 3. The amount of cash received from customer Activate 4. Under the direct method, the cash paid for income taxes Go to PC 5. The net cash provided (used) by financing activities is