PERFORMANCE TASK: Using the given above, prepare a Cash Flow Statement. I. Additional activities for application or remediation The company presented the following in order to aid the accountant in preparing the CFS: a Net income: P200,000 b. Depreciation expense: P 25,000 c. Gain on sale of property and equipment: P100,000 d. Decrease in trade and other receivables: P 70,000 e Purchase of property and equipment: P200,000 f Payment of loan from bank: P150,000 QUESTIONS: 1. Based on the given above, compute for the net change in cash for the year. 2. if ending balance of cash account is P700,000, prepare the CFS for the year PERFORMANCE TASK: Using the given above, prepare a Cash Flow Statement. I. Additional activities for application or remediation The company presented the following in order to aid the accountant in preparing the CFS: a Net income: P200,000 b. Depreciation expense: P 25,000 c. Gain on sale of property and equipment: P100,000 d. Decrease in trade and other receivables: P 70,000 e Purchase of property and equipment: P200,000 f Payment of loan from bank: P150,000 QUESTIONS: 1. Based on the given above, compute for the net change in cash for the year. 2. if ending balance of cash account is P700,000, prepare the CFS for the year