Problem:

The accountant of EBC Company has compiled the following data from the firm's records for the year 2017:

1. Sales on Credit, P250, 000.
2. Collections from customers, P 225,550.
3. Payment of long term note payable, P15, 000.
4. Cash Payments to acquire plant assets, P350, 000.
5. Interest revenue on notes receivable, P10, 000.
6. Collection of interest receivable, P12,000
7. Cash receipt of dividends on stock investment, P8, 500.
8. Grant loans to other company, P50, 000.
9. Cost of goods sold, P160, 000.
10. Proceeds from issuance of ordinary shares, P 100,000.
11. Payment to suppliers, P140, 000.
12. Proceeds from sale of plant assets, P65, 000.
13. Salary expense, P55, 000.
14. Payment of salaries, P65, 000.
15. Proceeds from issuance of long-term note payable, P95, 000.
16. Depreciation Expense, P15, 000.
17. Other operating expenses, P12, 000.
18. Declaration and payment of cash dividends, P 20,000.
19. Interest expense and payments, P 13,560.
20. Purchase of inventory on credit, P 150,500.
21. Income tax expense and payments, P 25,000.

Cash Balance, January 1, 2017, P550,000

Cash Balance, December 31, 2017, P377,490

QUESTION

Cash flows from Operating Activities

Cash Inflows

Cash receipts of dividends on stock investment

Total Cash Inflows

Cash Outflows

Total cash outflows

Net cash inflows(outflows) from operating activities

Cash Flows from Investing Activities

Cash Inflows

Cash Outflows

Total cash outflows

Net cash inflows (outflows) from investing activities

Cash Flows from Financing Activities

Cash Inflows

Proceeds from issuance of ordinary shares

Proceeds from issuance of long-term note pays

Total cash Inflows

Cash Outflows

Declaration and payment of cash dividends

Total cash outflows

Net cash inflows (outflows) from financing activities

Net Cash Increase (Decrease)

Add