On December 29, 2022, a fire broke out in the administrative office of Happy Corporation. The fire destroyed some of the transaction records of the keeper. No other transaction has been made for the last two days of December 2022 so the accountant is confident that he can still prepare the important financial statements. Given below is an incomplete record of the comparative balance sheet of the company: Happy Corporation Comparative Balance Sheet Dec. 31, Dec. 31, 2022 2021 Cash 556,600 350,00( Accounts Receivable 75,000 Supplies 8,000 20,00( Inventory 30,000 50,00( Prepaid Rent 120,00( Investment in stocks 100,000 80,00 Equipment 500,00( Accumulated Depreciation -172,500 -200,00( Land 1,500,000 1,000,00 Total Assets 2,491,100 1,995,000Accounts Payable 55,000 75,00( Utilities Payable 20,000 15,00( Interest Payable 11,000 20,00( 5 years Notes Payable 200,00( Total Liabilities 386,000 310,00( Common Stock (at P100 par) 1,200,00( Additional Paid In Capital 350,00( Retained Earnings 155,100 135,00( Total Liabilities and Equity 2,491,100 1,995,00(The following incomplete income statement for the year 2022: Happy Corporation Income Statement For the Year Ended December 31, 2022 Sales 320,000 Cost of Goods Sold -80,000 Gross Profit 240,000 Operating expenses: Supplies Expense -12,000 Rent Expense ? Depreciation - new equipment -2,500 Depreciation - old equipment -50,000 Utilities Expense -25,000 Total Operating expense ? Operating Income 54,500 Add: Dividends income 5,000 Less: Loss on Sale of equipment -10,000 Interest Expense -16,000 21,000 Earnings before taxes 33,500 Tax (40%) -13,400 Net Income 20,100Additional information: a. Increased in Accounts Receivable was P20,000 b. Decreased in Prepaid Rent was P96,000. c. During the year, an equipment originally bought for P200,000 with an accumulated depreciation of P80,000 by the time of the sale, was sold for P110,000. d. A new equipment worth P50,000 was bought. e. Land valued at P500,000 was acquired by paying P300,000 cash and funding the remaining amount by issuing a note. f. P100,000 of the notes and P25,000 interest on notes were paid. g. 3500 shares of P100 par value common stock were issued for P400,000. h. No dividends were paid during the year. i. Received P5,000 dividends income from investment on stocks. j. Bought stocks from ABC Company at par for P20,000.Answer the following questions: a. Prepare the operating activities of the statement of cash flow using the indirect method. 12 pts. b. Prepare the investing activities of the statement of cash flow. 5 pts. c. Prepare the financing activities of the statement of cash flow. 3 pts. d. How much is the total increased or (decreased) in cash Pease indicate increased or decreased. 1 pt