• SME provided the following information about the preparation of a statement of cash flows for the current year:
  
  Profit for the year 380,000
  
  Noncash finance costs, finance cost paid P25,000 1,000
  
  Noncash tax expense, income tax paid P190,000 79,000
  
  Depreciation of property, plant, and equipment 270,000
  
  Impairment loss 30,000
  
  Amortization of intangibles 2,000
  
  Gain on sale of equipment 60,000
  
  Increase in trade and other receivables 10,000
  
  Decrease in inventories 9,000
  
  Increase in trade payables, including unrealized foreign exchange loss of P1,000
  
  charged to other expenses
  
  11,000
  
  Increase in current and long-term benefit payable 3,000
  
  Proceeds from the sale of equipment 100,000
  
  Purchase of equipment 485,000
  
  Payment of finance lease liability 19,000
  
  Repayment of borrowings 100,000
  
  Dividends paid 150,000
  
  Procedure:
  
  1. Open MS Excel and start a new worksheet. Then, compute for the following:
  
  A. Net cash provided by operating activities.
  
  B. Net cash used in investing activities.
  
  C. Net cash used in financing activities.