Rosalynne

Rosalynne Company reported the following statement of financial position at year end: 2021 2020 Cash 2,750,000 2,000,000 Accounts receivable 7,500,000 4,600,000 Investments, at cost 1,000,000 1,750,000 Plant 9,000,000 6,500,000 Accumulated depreciation (3,200,000) (2,200,000) Accounts payable 4,800,000 3,700,000 Share capital 7,700,000 5.200,000 Retained earnings 4,550,000 3.750,000 An investment was sold for P1,550,000 during the year. There was no disposal of a plant during the year. The net income for the year was P3,500,000, after income tax expense of P1,200.000. A dividend of P2,700,000 was paid on December 31, 2021. An investment was sold for P1,550,000 during the year. There was no disposal of a plant during the year. The net income for the year was P3,500,000, after income tax expense of P1,200,000. A dividend of P2,700,000 was paid on December 31, 2021. 1. What is the net cash provided by operating activities? 2. What is the net cash used in investing activities 3. What is the net cash used by financing activities? 4. Compute for the gain on sale of investment 5. Compute for the amount of depreciation expense for 2021