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(b) Statement of Cash Flows - Direct Information taken from the detailed trial statement of financial position of Hundred Acre Company Is as follows: Dr. (C.) Balances Ar December 3. 2013 Cash P 20,000 P 30.000 Accounts receivable 45,000 78.000 Investments 15.000 Property, plant and equipment 92,600 118.100 Accumulated depreciation (27,100) (33.600) Intangible assets 17.0:00 16,000 Accrued expenses (7.500) (7,000) Bonds payable (25.500) (25.500) Ordinary share, P10 par (75.000) (100,000) Additional paid-in capital (40,000) (55,000) Retained camings (14.500) (21.000) Other Information relating to various financing and Investing activities of the company is as follows: (I) Investments were sold at their carrying value. (2) Items of equipment costing P27.500 and having P18,090 accumulated depreciation were sold at book value. Now equipment was acquired to replace the outdated models that were sold. (3) During the year, 2.500 ordinary shares were sold for cash. (4) Dividends of P8 500 were declared and paid during the year. No other entries were made to the Retained Earnings account except the recognition of net income which included revenues of P107,000 and operating expenses of P92,000. Required. () Prepare a cash flow statement for 2013. Use the direct method to determine cash flows from operating activities and include all required disclovares for which you have information.Instructions: Provide for the requirements given to you below. Output must be placed in a Microsoft Word following the formats specified. God bless! (a) Statement of Cash Flour - Indirect The beginning and ending balances for Green Tea Company for 2013 are as Follows: Jam, I, 2015 Dec. 31. 2013 Cash P10,000 Other current assets 20,000 26 090 Fixed assets 20,000 20.010 Accumulated depreciation (4,000) Investments 10,000 10.00 Intangible assets 4.000 4 010 261.000 Current liabilities P10,000 P13.000 Long-term liabilities 13,000 12.090 Shore caplul 25 000 25.000 Retained comings 13.000 20.000 PAL.000 P70,000 An analysis of the company's records reveals the following addnional information. (!) Depreciation and amortization of intangibles included in the determination of net income were PI,900 cach. (2) PI.500 of dividends were declared and paid during the year. (3) Pl.000 of long-term liabilities were retained during the year. Required. Prepare a cash flow statement, applying the indirect method of determining cash flows from operating activities