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Pls? DRX Co. provided the following information for the preparation 3 points of the statement of cash flows (refer to the picture below). If the

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DRX Co. provided the following information for the preparation 3 points of the statement of cash flows (refer to the picture below). If the net income for the current year is P1,705,000 and no additional purchase or sale of PPE has occurred, provide the cash flows from operating activities using the indirect method. 2017 2016 Cash and cash equivalents Trading securities Accounts receivable, net of allowance Inventory Property, plant and equipment (net) Goodwill Investment in Associate 603,000 300.000 600,000 900.000 2.000.000 200,000 72.000 4,675,000 300,000 200,000 520,000 840,000 2,100,000 200,000 100.000 4,260,000 800,000 210,000 1,000,000 - Accounts payable 490,000 Accrued expenses 310,000 Bonds payable 800,000 Preference share capital, P100 par, each share convertible into two ordinary shares 400,000 Ordinary share capital, P20 par 820,000 Share premium 500,000 Retained earnings 1,355,000 4,675,000 500,000 700,000 400,000 650.000 4,260,000

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